Post the entries to Work in Process Inventory. (Round answers to O decimal place
ID: 2334176 • Letter: P
Question
Post the entries to Work in Process Inventory. (Round answers to O decimal places, e.g. 2,500.) Work in Process Inventory 6V1 une 6/30 SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT LINK TO TEXT Reconcile the balance in work in process inventory with the costs of unfinished jobs. (Round answers to 0 decimal places, e.g. 2,500.) Costs of unfinished Job: Direct Materials + Direct Labor SHOW LIST OF ACCOUNTS LINK TO TEXT LINK TO TEXT Prepare a cost of goods manufactured schedula for June. (Round answers to O decimal places, o.g. 2,500.) Cost of Goods Click if you would like to Show Work for this question: pen Show WorkExplanation / Answer
No Account titles and Explanation Debit Credit 1 Raw materials inventory 4,900 Accounts payable 4,900 Factory wages 4,800 cash 4,800 manufacturing overhead 1,300 Accumulated depreciation 900 Accounts payable 400 2) Work in process inventory 4,900 manufacturing overhead 1,500 Raw materials inventory 6,400 work in process invenory 3,600 manufacturing overhead 1,200 Factory wages 4,800 work in process inventory 4500 manufacturing overhead 4,500 3) finished goods 14,740 work in process 14,740 Accounts receivable 18,900 sale 18,900 cost of goods sold 14,740 finished goods inventory 14,740 Work in process inventory 1-Jun opening 5,540 june finished 14,740 DM 4,900 DL 3,600 OH applied 4,500 30-Jun 3,800 cost of unfinished jobs koss direct mat 2,000 direct lab 800 moh 1000 = 3,800 Cost of goods manufactured Schedule Beginning work in process 5,540 direct materials 4,900 direct labor 3,600 overhead applied 4,500 total manufacturing costs 13,000 total manufacturing costs & opening WIP 18,540 less:ending work in process inventor 3,800 cost of goods manufactured 14,740