The following account appears in the ledger prior to recognizing the jobs completed in January: Work in Process Balance, January 1 $17,970 Direct materials 146,100 Direct labor 157,600 Factory overhead 82,840 Jobs finished during January are summarized as follows: Job 210 $72,810 Job 224 $84,950 Job 216 44,500 Job 230 149,670 a. Journalize the entry to record the jobs completed. If an amount box does not require an entry, leave it blank.
The following account appears in the ledger prior to recognizing the jobs completed in January: Work in Process Balance, January 1 $17,970 Direct materials 146,100 Direct labor 157,600 Factory overhead 82,840 Jobs finished during January are summarized as follows: Job 210 $72,810 Job 224 $84,950 Job 216 44,500 Job 230 149,670 a. Journalize the entry to record the jobs completed. If an amount box does not require an entry, leave it blank.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The following account appears in the ledger prior to recognizing the jobs completed in January:
| Work in Process | ||
| Balance, January 1 | $17,970 | |
| Direct materials | 146,100 | |
| Direct labor | 157,600 | |
| Factory |
82,840 |
Jobs finished during January are summarized as follows:
| Job 210 | $72,810 | Job 224 | $84,950 | |
| Job 216 | 44,500 | Job 230 | 149,670 |
a.
Transcribed Image Text:Entry for Jobs Completed; Cost of Unfinished Jobs
The following account appears in the ledger prior to recognizing the jobs completed in January:
Work in Process
$17,970
146,100
Balance, January 1
Direct materials
Direct labor
Factory overhead
157,600
82,840
Jobs finished during January are summarized as follows:
Job 210
$72,810 Job 224
Job 216
44,500 Job 230
a. Journalize the entry to record the jobs completed. If an amount box does not require an entry, leave it blank.
$84,950
149,670
b. Determine the cost of the unfinished jobs at January 31.
$
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