Business, 06.03.2021 02:50, MatteBlack5490

The following account appears in the ledger prior to recognizing the jobs completed in January: Work in Process
Balance, January 1 $17,510
Direct materials 142,360
Direct labor 153,560
Factory overhead 80,720

Jobs finished during January are summarized as follows:

Job 210 $70,950
Job 224 $82,770
Job 216 43,360
Job 230 161,600

Required:
a. Journalize the entry to record the jobs completed.
b. Determine the cost of the unfinished jobs at January 31.

Answers: 3

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The following account appears in the ledger prior to recognizing the jobs completed in January: Wor...