Job costing - chp 3 - CHAPTER 3 JOB COSTING JOURNAL ENTRIES...

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CHAPTER 3 JOB COSTING JOURNAL ENTRIES - Page 110 FOR THE YEAR ENDED 12/31/09 DESCRIPTIONS W/P Dr. Cr. <1> Raw Materials 90,000 Accounts Payables 90,000 Bought Raw Materials (both direct and indirect) <2> Work In Process - DM Job 603 40,000 Work In Process - DM Job 604 72,000 MFG Overhead 0 Raw Materials 112,000 (Materials Requistioned - materials into production) <3> Manufacturing Overhead 2,000 Raw Materials 2,000 (To transfer IM into Production <4> Work In Process - DL Job 603 10,000 Work In Process - DL Job 604 20,000 Manufacturing Wages 30,000 Manufactruing Overhead 13,000 Wages Payable 13,000 (To record Indirect labor) <5> Manufacturing Overhead - Plant Depreciation 4,000 Manufacturing Overhead - Plant Utilities 3,000 Manufacturing Overhead - Prepaid Insurance Expired 1,000 Manufacturing Overhead - Plant Proprty Taxes 2,000 Accounts Payables (utilities) 3,000 Accumulated Depreciation 4,000 Prepaid Insurance 1,000 Property Tax Payable 2,000
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Job costing - chp 3 - CHAPTER 3 JOB COSTING JOURNAL ENTRIES...

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