Clemens Cars' job cost sheet for Job A40 shows that the cost to add security features...
Clemens Cars' job cost sheet for Job A40 shows that the cost to add security features to a car was $21,000. The car was delivered to the customer, who paid $25,700 in cash for the added features. What journal entries should Clemens record for the completion and delivery of Job A40?
a. Record transfer of cost of completed job to Finished Goods.
b. Record the cost of goods sold.
c. Record sale price of delivered job paid in cash.
Homework Answers
| Debit | Credit | ||
| a | Finished goods inventory | 21000 | |
| Goods in process inventory | 21000 | ||
| b | Cost of goods sold | 21000 | |
| Finished goods inventory | 21000 | ||
| c | Cash | 25700 | |
| Sales | 25700 |
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Clemens Cars' job cost sheet for Job A40 shows that the cost to
add security features...
Clemens Cars's job cost sheet for Job A40 shows that the cost to add security features...
Clemens Cars's job cost sheet for Job A40 shows that the cost to add security features to a car was $10,500. The car was delivered to the customer, who paid $14,900 in cash for the added features. What journal entries should Clemens record for the completion and delivery of Job A40?
Clemens Cars' job cost sheet for job A40 shows that the cost to add security features...
Clemens Cars' job cost sheet for job A40 shows that the cost
to add security features to a car was $10,500. The car was
delivered to the customer, who paid $14,900 in cash for the added
features. What journal entries should Clemens record for the
completion and delivery of job A40?
PLEASE HELP & READ THE QUESTION CARFULLY!!!!!
Journal entry worksheet 2 3 Record transfer of cost of completed job to Finished Goods. Note: Enter debits before credits. Transaction Credit...
In March, Stinson Company completes Jobs 10 and 11. Job 10 cost $21,700 and Job 11...
In March, Stinson Company completes Jobs 10 and 11. Job 10 cost $21,700 and Job 11 $33,900. On March 31, Job 10 is sold to the customer for $35,100 in cash. Journalize the entries for the completion of the two jobs and the sale of Job 10. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Mar. 31 Account Titles and Explanation Finished Goods Inventory 55600 55600 Work in Process Inventory (To...
The total cost for job 78 is 6832.8 for job 79 is 6527.4 for job 80...
The total cost for job 78 is 6832.8
for job 79 is 6527.4
for job 80 is 9295.
This is what I got for the three jobs.
Job Costs, Ending Work in Process During March, Aragon Company worked on three jobs. Data relating to these three jobs follow: Job 78 Job 79 Job 80 Units in each order 240 260 220 220 Units sold Materials requisitioned Direct labor hours $1,632 264 $1,034 242 $2,782 390 Direct labor cost $3,168 $3,630...
- Your answer is partially correct. In March, Stinson Company completes Jobs 10 and 11. Job...
- Your answer is partially correct. In March, Stinson Company completes Jobs 10 and 11. Job 10 cost $26,500 and Job 11 $36,100. On March 31, Job 10 is sold to the customer for $35,500 in cash. Journalize the entries for the completion of the two jobs and the sale of Job 10. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 31 Finished Goods Inventory 62,600...
Chapter 2. Job Order Costing Tyler Tooling Company uses a job order cost system with overhead...
Chapter 2. Job Order Costing
Tyler Tooling Company uses a job order cost system with overhead applied to products on the basis of machine hours. For the total machine hours at 63,000. During the first month of operations, the company worked on three jobs and recorded the following a r, the company estimated its total manufacturing overhead cost at $245,700 and irect materials cost, direct labor cost, and machine hours for each job Job 101 Job 102 S 7,100 S...
In March, Stinson Company completes Jobs 10 and 11. Job 10 cost $28,900 and Job 11...
In March, Stinson Company completes Jobs 10 and 11. Job 10 cost $28,900 and Job 11 $39,100. On March 31, Job 10 is sold to the customer for $43,900 in cash. Journalize the entries for the completion of the two jobs and the sale of Job 10. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 31 68000 68000 (To record the completion of the two jobs)...
Tyler Tooling Company uses a job order cost system with overhead applied to products on the...
Tyler Tooling Company uses a job order cost system with overhead applied to products on the basis of machine hours. For the upcoming year, the company estimated its total manufacturing overhead cost at $239,020 and total machine hours at 62,900. During the first month of operations, the company worked on three jobs and recorded the following actual direct materials cost, direct labor cost, and machine hours for each job: Job 101 Job 102 Job 103 Total Direct materials used $...
Tyler Tooling Company uses a job order cost system with overhead applied to products on the...
Tyler Tooling Company uses a job order cost system with overhead applied to products on the basis of machine hours. For the upcoming year, the company estimated its total manufacturing overhead cost at $213,520 and total machine hours at 62,800. During the first month of operations, the company worked on three jobs and recorded the following actual direct materials cost, direct labor cost, and machine hours for each job: Job 101 Job 102 Job 103 Total Direct materials used $...
Tyler Tooling Company uses a job order cost system with overhead applied to products on the...
Tyler Tooling Company uses a job order cost system with overhead applied to products on the basis of machine hours. For the upcoming year, the company estimated its total manufacturing overhead cost at $219,450 and total machine hours at 62,700. During the first month of operations, the company worked on three jobs and recorded the following actual direct materials cost, direct labo cost, and machine hours for each job: Direct materials used Direct labor Machine hours Job 101 $ 11,700...
Clemens Cars's job cost sheet for Job A40 shows that the cost to add security features to a car was $10,500. The car was delivered to the customer, who paid $14,900 in cash for the added features. What journal entries should Clemens record for the completion and delivery of Job A40?
Clemens Cars' job cost sheet for job A40 shows that the cost
to add security features to a car was $10,500. The car was
delivered to the customer, who paid $14,900 in cash for the added
features. What journal entries should Clemens record for the
completion and delivery of job A40?
PLEASE HELP & READ THE QUESTION CARFULLY!!!!!
Journal entry worksheet 2 3 Record transfer of cost of completed job to Finished Goods. Note: Enter debits before credits. Transaction Credit...
In March, Stinson Company completes Jobs 10 and 11. Job 10 cost $21,700 and Job 11 $33,900. On March 31, Job 10 is sold to the customer for $35,100 in cash. Journalize the entries for the completion of the two jobs and the sale of Job 10. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Debit Credit Date Mar. 31 Account Titles and Explanation Finished Goods Inventory 55600 55600 Work in Process Inventory (To...
The total cost for job 78 is 6832.8
for job 79 is 6527.4
for job 80 is 9295.
This is what I got for the three jobs.
Job Costs, Ending Work in Process During March, Aragon Company worked on three jobs. Data relating to these three jobs follow: Job 78 Job 79 Job 80 Units in each order 240 260 220 220 Units sold Materials requisitioned Direct labor hours $1,632 264 $1,034 242 $2,782 390 Direct labor cost $3,168 $3,630...
- Your answer is partially correct. In March, Stinson Company completes Jobs 10 and 11. Job 10 cost $26,500 and Job 11 $36,100. On March 31, Job 10 is sold to the customer for $35,500 in cash. Journalize the entries for the completion of the two jobs and the sale of Job 10. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 31 Finished Goods Inventory 62,600...
Chapter 2. Job Order Costing
Tyler Tooling Company uses a job order cost system with overhead applied to products on the basis of machine hours. For the total machine hours at 63,000. During the first month of operations, the company worked on three jobs and recorded the following a r, the company estimated its total manufacturing overhead cost at $245,700 and irect materials cost, direct labor cost, and machine hours for each job Job 101 Job 102 S 7,100 S...
In March, Stinson Company completes Jobs 10 and 11. Job 10 cost $28,900 and Job 11 $39,100. On March 31, Job 10 is sold to the customer for $43,900 in cash. Journalize the entries for the completion of the two jobs and the sale of Job 10. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Account Titles and Explanation Debit Credit Mar. 31 68000 68000 (To record the completion of the two jobs)...
Tyler Tooling Company uses a job order cost system with overhead applied to products on the basis of machine hours. For the upcoming year, the company estimated its total manufacturing overhead cost at $239,020 and total machine hours at 62,900. During the first month of operations, the company worked on three jobs and recorded the following actual direct materials cost, direct labor cost, and machine hours for each job: Job 101 Job 102 Job 103 Total Direct materials used $...
Tyler Tooling Company uses a job order cost system with overhead applied to products on the basis of machine hours. For the upcoming year, the company estimated its total manufacturing overhead cost at $219,450 and total machine hours at 62,700. During the first month of operations, the company worked on three jobs and recorded the following actual direct materials cost, direct labo cost, and machine hours for each job: Direct materials used Direct labor Machine hours Job 101 $ 11,700...
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