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Milner Company is working on two job orders. The job cost sheets show the following.

Job 201 Job 202
Direct materials $7,450 $8,950
Direct labor 4,200 8,250
Manufacturing overhead 5,250 10,050

Required:
Prepare the three summary entries to record the assignment of costs to Work in Process from the data on the job cost sheets.

User Sdanna
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1 Answer

9 votes

Answer:

Following are the solution to this question:

Step-by-step explanation:

For point 1:

The stock of work in progress
(7,450 + 8,950)=\$16,400

inventory of raw materials
\$16,400

(In order to assign work materials)

For point 2:

The stock of works in progress
(4,200 + 8,250) =\$12,450

job in the factory
\$12,450

(The work is assigned)

For point 3:

Inventory job for Inventory works
(5,250+10,050)= \$15,300

Overhead production
\$15,300

(Appointment of work overhead)

User Beaudet
by
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