Automation Co. has the following activity for the month of June: June 1, Work in Process Direct materials used Direct labor assigned to jobs. Manufacturing overhead assigned to jobs 20,000 22,000 28,000 26,000 Two jobs were finished during June, Job 142 and 143 costing $38,000 and $20,000, respectively. The journal entry to record the completion of the two jobs would include a debit/credit to Work in Process for how much? Indicate debit as a positive amount and a credit as a negative amount. Enter without commas or dollar signs, rounded to the nearest whole number.
Automation Co. has the following activity for the month of June: June 1, Work in Process Direct materials used Direct labor assigned to jobs. Manufacturing overhead assigned to jobs 20,000 22,000 28,000 26,000 Two jobs were finished during June, Job 142 and 143 costing $38,000 and $20,000, respectively. The journal entry to record the completion of the two jobs would include a debit/credit to Work in Process for how much? Indicate debit as a positive amount and a credit as a negative amount. Enter without commas or dollar signs, rounded to the nearest whole number.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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