Question

requires journal entries and covers job order costing Cabrera & Associates uses job order costing. The...

requires journal entries and covers job order costing

Cabrera & Associates uses job order costing. The company's beginning inventory balances are below:
Work in Process $    13,850
Manufacturing Overhead $       1,980
At the beginning of the year, the company estimated that it would work 35,500 machine-hours and
incurs $124,250 in manufacturing overhead cost. Prepare the following journal entry:

Selling costs, $13,800 was purchased on account.

this is all the information I have

Homework Answers

Answer #1

The following jounral entries are given below

Name of account DEBIT Credit
WORKIN PROGRESS ACCOUNT $ 13,850
Manufacturin overhead account $    1,980
Cost of Goods manufatcured account $ 15,830
(For transfer of work in progess to Cost of Goods Manufactured account)
cost of goods Manufactured account $ 15,830
Selling expense account $ 13,800
To cost of sales $ 29,630
(For transfer of cost of goods manuactured and selling expenses to Cost of sales account))
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