Question: Subsidiary data for Work in Process Inventory on June 1 are as follows. During June, raw materials purchased on account were ( $
Subsidiary data for Work in Process Inventory on June are as follows.
During June, raw materials purchased on account were $ and $ of factory wages were paid. Additional overhead costs consisted of depreciation on equipment $ and miscellaneous costs of $ incurred on account.
A summary of materials requisition slips and time tickets for June shows the following. No Account Titles and Explanation
Credit
To record purchase of raw materials
To record factory labor costs paid
To record manufacturing overhead costs incurred
To record assignment of direct materials
To record assignment of factory labor
To record assignment of manufacturing overhead
To record completion of jobs
To record completion of jobs
mid
To record sale of goods
I
To record the cost of goods sold
eTextbook and Media
List of Accounts
b
Post the entries to Work in Process Inventory. Post the entries to Work in Process Inventory in the order presented in the problem. Reconcile the balance in Work in Process Inventory with the costs of unfinished jobs.
Costs of unfinished Job:
Direct Materials $
Direct Labor $
Manufacturing Overhead $
$
eTextbook and Media
List of Accounts
d
Prepare a cost of goods manufactured schedule for June.
$
Cost of Goods Manufactured Schedule
square$
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