Question

Bluebird Manufacturing makes carrying cases for portable electronic devices. Its costing records yield the following information: (Click the icon to view the costing records.) Read the requiren * Data Table Requirement 1. V Bluebird uses a haccumulated for each Requirement 2.4 Inventory, Finished Sold. (If a box is n bute Bluebird's account bal Work-in-Process Inventor Job Date Prepare the Septe No. StartedFinished Sold = 9/12 9/13 10/01 Total Total Manufacturing Cost of Job Costs Added at September 30 in October $ 2,000 1,800 700 $ 1,100 1,000 300 N w 9/03 9/03 9/17 9/29 10/08 10/23 10/27 9/30 10/24 10/29 10/12 11/03 1,000 Date 10/14 o 11/06 11/09 400 September 30: Print Done OLAN Choose from any list or enter any number in the input fields and then continue to the next question.

Answer 1

А F G H B Requirement 1: 194 Bluebird uses a job order costing system. We know this because bluebirds costing record show costs being accumulated for each JOB. 196 198 Requirement 2: 200 Date 201 Cost Finished Goods Inventory Cost of Goods Sold Job Job Cost 21 $ 1,800 1 $ 2,000 Cost sept 30: Work-in-Process Inventory Job 700 1,000 Total $ 1,700 202 203 204 205 Total $ 1,800 Total $ 2,000 206 oct 31: $ 400 - 4 $ 2,000 207 2 $ 3 $ 5 $ $ 1,800 1,800 300 3,900 208 209 Total 400 Total $ 2,000 Total 210

Requirement 3: 1 In september month job 1&2 are completed and same shall be transferred to finished goods. Among them job 1 is sold in september month and job 2 is sold in october month. 2 In october month job 3,4,5 are sold and job 6 is still work in progress at the end of themonth.. Credit Date Accounts title Debit 30-Sep Finished goods inventory job 1 & 2) $ 3,800 Workin process inventory [2,000 +1,800] [to record transfer of wip to finished goods ] $ 3,800 $ 4,100 31-OctFinished goods inventory job 3,4 &5)) $ 4,100 Workin process inventory [1,800 +2,000 +300 ] |[ to record transfer of wip to finished goods]

Credit Requirement 4: Sale of job 3 Date Accounts title Debit 1-Jan Accounts receivable $ 1,900 Sales revenue [to record the sale of job 3 on account] $ 1,900 $ 1,800 2 Cost of goods sold Finished goods inventory [ to record the cost of goods sold ] $ 1,800 Requirement 5: Computation of gross profit for job 3: Sales revenue Less : cost of goods sold Gross profit $ 1,900 $ (1,800) $ 100

A Requirement 2: Date Work-in-Proce Job Cost 700 1000 =+D202+D203 Finished Goods Inver Job Cost 1800 Cost of Go Job Cost 2000 sept 30: Total =+F202+F203 Total =+H202+H203 206 oct 3 400 =1000+1000 20% 1800 =1100+700 300 =+H206+H207+H208 209 =+D206+D207+D208 Total | =+F206+F207+F208 Total 210