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
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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