Job Order Costing

Job Order Costing - Chapter 20 Solution Guide EXERCISE 20-2...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Chapter 20 Solution Guide EXERCISE 20-2 (a) May 31 Work in Process Inventory.......................... 10,400 Manufacturing Overhead............................. 800 Raw Materials Inventory...................... 11,200 31 Work in Process Inventory.......................... 12,500 Manufacturing Overhead............................. 1,200 Factory Labor........................................ 13,700 31 Work in Process Inventory ($12,500 X 80%)......................................... 10,000 Manufacturing Overhead..................... 10,000 31 Finished Goods Inventory........................... 7,920 Work in Process Inventory ($2,000 + $2,500 + $1,900 + $1,520)*.... 7,920 *$1,900 X 80% (b) Work in Process Inventory May 1 Balance 3,200 31 10,400 31 12,500 31 10,000 May 31 7,920 May 31 Balance 28,180 Job Cost Sheets Job No. Beginning Work in Process Direct Material Direct Labor Manufacturing* Overhead Total 430 431 $1,200 $1,200 $3,500 4,400 $7,900 $ 3,000 7,600 $10,600 $2,400 6,080 $8,480 $10,100 18,080 $28,180 *...
View Full Document

Page1 / 3

Job Order Costing - Chapter 20 Solution Guide EXERCISE 20-2...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online