Question

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

Job 201 Job 202
Direct materials $7,150 $9,300
Direct labor 3,850 7,800
Manufacturing overhead 5,200 9,800

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

Answer 1

See below

Step-by-step explanation:

A.

Work in process inventory Dr $16,450

------------- Raw material inventory

$7,150 + $9,300 Cr $16,450

B.

Work in process inventory Dr $11,650

Factory labor

-----------------$3,850 + $7,800 Cr $11,650

C.

Work in process inventory Dr $15,000

Manufacturing overhead

$5,200 + $9,800 Cr $15,000