Maurice Tutor

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Teaching Since: May 2017
Last Sign in: 432 Weeks Ago, 4 Days Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 22 Jan 2018 My Price 7.00

cost of unfinished jobs

Entry for jobs completed; cost of unfinished jobs

The following account appears in the ledger prior to recognizing the jobs completed in August:

 

 

 

 

SHOW ME HOW

Work in Process

 

Balance, August 1                                  $  60,000

Direct materials                                        325,000

Direct labor                                                  462,000

Factory overhead                                     210,000

 

Jobs finished during August are summarized as    follows:

 

 

Job 210

$197,800

Job 224               $ 160,000

Job 216

240,000

Job 230                   364,000

a.     Journalize the entry to record the jobs completed.

b.     Determine the cost of the unfinished jobs at August 31.

Answers

Maurice Tutor
(5)
Status NEW Posted 22 Jan 2018 06:01 PM My Price 7.00

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