2. The following information relates to the manufacturing operations of Delicious Co. during the month of January. The company uses job order costing. Please do the following journal entries. Do the journal entries inside the table and show your calculations outside the table. g) Jobs with total accumulated costs of $105000 were completed during the month Debit Credit Db Cr h) During January, 50 units costing $25 per unit were sold on account for selling price of $35 per unit. Calculations: Debit Credit Db Cr Debit Credit Db Cr i) Work in process inventory had a beginning balance of $25,000 in January. Calculate the ending balance of work in process inventory at the end of January

2. The following information relates to the manufacturing operations of Delicious Co. during the month of January. The company uses job order costing. Please do the following journal entries. Do the journal entries inside the table and show your calculations outside the table. g) Jobs with total accumulated costs of $105000 were completed during the month Debit Credit Db Cr h) During January, 50 units costing $25 per unit were sold on account for selling price of $35 per unit. Calculations: Debit Credit Db Cr Debit Credit Db Cr i) Work in process inventory had a beginning balance of $25,000 in January. Calculate the ending balance of work in process inventory at the end of January

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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