Wip control 62000 manufacturing oh control 62000

WIP Control 62,000
Manufacturing OH Control 62,000
Finished Goods Control 71,500
WIP Control 71,500
Accounts Receivable Control 104,800
Revenues 104,800
Cost of Goods Sold 71,500
Finished Goods Control 71,500

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3). Immediate write-off to Cost of Goods Sold approach---- PRACTICAL
5. Determine the OH amount allocated to each job . ‘ Applied
This is asked to compute under normal costing . Using the information in question details to
compute budgeted rate, then use budgeted rate* actual activities.
[Week 3]
’
.
.

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Opening WIP =0 不需要分 Average weighted 和 FIFO.
2. journal entries for process costing systems PPT26
Separate work-in-progress account for each department: Assembly and finishing.
Work-in-progress, Assembly 84,050
Accounts Payable Control 84,050
(To record direct materials purchased and used)
Work-in-progress, Assembly 62, 000
Various accounts 62,000
(To record Assembly Department conversion costs )
Work-in-progress, Finishing 132,043
Work-in-progress, Assembly 132, 043
(To record cost of goods completed and transferred
from Assembly to Finishing during the period.)

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