Shawna, Inc. completed manufacturing Job 44. It included $3,400 of direct materials cost, $1,200 of direct labor cost, and $500 of allocated manufacturing overhead. Which of the following is the correct journal entry needed to record the completed job? A. Finished Goods Inventory 5,100 Cost of Goods sold 5,100 B. Work−in−Process Inventory 4,600 Cost of Goods Sold 4,600 C. Work−in−Process Inventory 5,100 Finished Goods Inventory 5,100 D. Finished Goods Inventory 5,100 Work−in−Process Inventory 5,100
Shawna, Inc. completed manufacturing Job 44. It included $3,400 of direct materials cost, $1,200 of direct labor cost, and $500 of allocated manufacturing overhead. Which of the following is the correct journal entry needed to record the completed job? A. Finished Goods Inventory 5,100 Cost of Goods sold 5,100 B. Work−in−Process Inventory 4,600 Cost of Goods Sold 4,600 C. Work−in−Process Inventory 5,100 Finished Goods Inventory 5,100 D. Finished Goods Inventory 5,100 Work−in−Process Inventory 5,100
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Shawna, Inc. completed manufacturing Job 44. It included
overhead . Which of the following is the correct journal entry needed to record the completed job?
$3,400
of direct materials cost,
$1,200
of direct labor cost, and
$500
of allocated manufacturing |
Finished Goods Inventory
|
5,100
|
|
|
Cost of Goods sold
|
|
5,100
|
|
Work−in−Process
Inventory |
4,600
|
|
|
Cost of Goods Sold
|
|
4,600
|
|
Work−in−Process
Inventory |
5,100
|
|
|
Finished Goods Inventory
|
|
5,100
|
|
Finished Goods Inventory
|
5,100
|
|
|
Work−in−Process
Inventory |
|
5,100
|
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