Question 6Requirement 3. Prepare journal entries to record the transfer of completed jobs from Work-in-Process Inventory to Finished Goods Inventory for October and November Ciement ManuiaciuringComputation of Work-in-Process Inventory,Finished Goods Inventory, and Cost of Goods SoldFor October and NovemberDateWork-in-Process InventoryFinished Goods InventoryCost of Goods SoldJobCostJobCostJobCostOctober 31:3$1,0002$1,40011,30041,2002,2001,4001,300TotalTotalTotalNovember 30:65002,4001,4001,9006505002,4003,950TotalTotalTotal%24LO%24 ns costin ng recoyield the lollowiny inioma uon.E (Click the icon to view the costing records.)Read the reguirements.Data TableNovember 30:$5004$2,4002$1,4001,9005650DateTotalTotal500Total2,400Total3,950ManufacturingTotal Cost of Job Costs Added inRequirement 3. Prepare journal entries to record the transfer of completed jobs from Work-in-Process Inventory to Finisheentries.)Job No. Started FinishedSoldat October 31Novemberions frJob No. 110/0310/1210/13 $1,300Record October's entry first.Job No. 210/0310/3011/011,400DateAccountsDebitCreditJob No. 310/1711/2411/271,000 $900Oct. 31Job No. 410/2911/2912/031,2001,200Job No. 511/0811/1211/14650Job No. 611/2312/0612/09500

Given : JobNo. Date Total Cost of Jobat October 31 Total Manufacturing CostsAdded in…

Answered: Requirement 3. Prepare journal entries…

Requirement 3. Prepare journal entries to record the transfer of completed jobs from Work-in-Process Inventory to Finished Goods Inventory for

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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Layout Formulas Data Review View Calibri 11 2Wrap Text Paste BIU EEBE E Merge & C Clipboard Font Alignment A54 F. H. 1. Practice Quiz Job Order Costing The information below is for ABC Co.'s first month of operations. The following jobs were begun during the month 9. Number of Direct Job & Products Materials Labor Labor Hours 8. 100 140 $ 1,200 $ 1,100 100 10 11. 101 144 $1,500 $1,500 120 12 13 102 80 $ 1,100 900 80 14 15 103 150 800 $ 1,000 100 16 Indirect 500 700 18 Additional Information: 20 1. Jobs #100, #101 and #102 were completed during the month; Job #103 remained unfinished at the EOM. 2. Other factory overhead incurred during the month amounted to $60, 3. Factory overhead is applied to jobs on the basis of a predetermined rate of $5 per direct labor hour. 24 Required. 1 Prepare the journal entries to record: a. the requisition of materials during the month b. labor incurred during the month c application of factory overhead to jobs d. cost transferred to finished goods…
How do i compute for the work in process ending inventory of the job 203 and job 206? like what amounts and accounts do i need to include for the computation of wip ending inventory of job 203 and job 206?
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ACCT 102 - Please Do Both Parts
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need work in process inventory too
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Multiple choice
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