Question: The following account appears in the ledger after only part of the postings have been completed for January: Jobs finished during January are summarized as

The following account appears in the ledger after only part of the postings have been completed for January:

Work in Process Balance, January 1 Direct materials Direct labor Factory overhead $ 14,200 115,400 124,500 65,400


Jobs finished during January are summarized as follows:

The following account appears in the ledger


a. Journalize the entry to record the jobs completed.
b. Determine the cost of the unfinished jobs at January 31.

Work in Process Balance, January 1 Direct materials Direct labor Factory overhead $ 14,200 115,400 124,500 65,400

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