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Keitaro
May 10, 2012, 08:48 PM
Custom Cabinets Inc. manufactures goods on a job order basis.
During the month of November, three jobs were started. (There was no work
In process at the beginning of the month.) Jobs 401 and 402 were completed
And sold for $14,500 and $19,000, respectively, during the month; Job 403
Was still in process at the end of November.

The following data are taken from the job cost sheets for each job.
Factory overhead charges include a total of $900 of indirect materials
And $600 of indirect labor. One work in process control account is used.

------------------------Job 401----------Job 402-----------Job 403
Direct Materials----- $3200------------$3800------------$2000
Direct Labor--------- $2400------------$3500------------$1500
Factory Overhead-- $1250------------$2000------------$ 850

Prepare a journal entry to record each of the following;
a. Materials used
b. Factory wages and salaries earned
c. Factory Overhead transferred to Work in Process
d. Jobs completed
e. Jobs sold


I need help and explanations for steps to solving this, I'm completely lost even at the first few levels of cost accounting...