hho8e_ewp_16-31b

hho8e_ewp_16-31b - Reconciliation of Work in process...

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Req. 1 Date Debit Req. 2 P16-31B (30-45 min) Accounts Work in process inventory Finished goods inventory Credit Journal Entry
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Req. 3 Req. 4 Req. 5 Gross profit Superior Construction, Inc. Gross profit on Homes Sold In August Manufacturing overhead (40% of labor) Total cost equals Finished Goods balance Completed, unsold house: Direct materials Direct labor Superior Construction, Inc.
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Unformatted text preview: Reconciliation of Work in process inventory Subsidiary and Control Accounts Total WIP Balance Unfinished houses: Direct materials Direct labor Superior Construction, Inc. Reconciliation of finished goods inventory Subsidiary and Control Accounts Manufacturing overhead (40% of labor) Total cost equals Work in Process balance...
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hho8e_ewp_16-31b - Reconciliation of Work in process...

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