Question

Question 3 of 3 View Policies Current Attempt in Progress Fishel Company is working on two job orders. The job cost sheets show the following Direct materials Direct labour Manufacturing overhead Job 201 $7,500 4,200 5.300 Job 232 $9,050 6,200 9,650 Prepare the three summary entries to record the assignment of costs to Work in Process from the data on account titles are automatically indented when amount is entered. Do not indent manually Credi Debit Account Titles and Explanation (To assign materials to jobs)

Answer 1

Solution: Debit ($) credit ($) e 7500 + 9050 - $16550 work in process înventory Raw material inventory $ 16550 Credit) b) work in process inventory Debit ($) 4200 +6200 $ 10400 $ 10400 Factory labour inventory Debit($) credit($) work in process inventory 5300+9650 - $ 14950 Manufacturing over head $ 14950 $ 41900 $41900