hho8e_ewp_16-25a - Sherborn Construction Inc Reconciliation...

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Req. 1 Date Debit Req. 2 P16-25A (30-45 min) Accounts Work in process inventory Finished goods inventory Credit Journal Entry
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Req. 3 Req. 4 Req. 5 Sherborn Construction, Inc. Reconciliation of finished goods inventory Subsidiary and Control Accounts Manufacturing overhead (40% of labor) Total cost equals Work in Process balance Unfinished houses: Direct materials Direct labor
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Unformatted text preview: Sherborn Construction, Inc. Reconciliation of Work in process inventory Subsidiary and Control Accounts Total WIP Balance Completed, unsold house: Direct materials Direct labor Manufacturing overhead (40% of labor) Total cost equals Finished Goods balance Gross profit on Homes Sold In August Gross profit Sherborn Construction, Inc....
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