Question 6
Requirement 3. Prepare journal entries to record the transfer of completed jobs from Work-in-Process Inventory to Finished Goods Inventory for October and November
Extracted text: Ciement Manuiaciuring Computation of Work-in-Process Inventory, Finished Goods Inventory, and Cost of Goods Sold For October and November Date Work-in-Process Inventory Finished Goods Inventory Cost of Goods Sold Job Cost Job Cost Job Cost October 31: 3 $ 1,000 2$ 1,400 1 1,300 4 1,200 2,200 1,400 1,300 Total Total Total November 30: 6 500 2,400 1,400 1,900 650 500 2,400 3,950 Total Total Total %24 LO %24
Extracted text: ns costin ng reco yield the lollowiny inioma uon. E (Click the icon to view the costing records.) Read the reguirements. Data Table November 30: $ 500 4 $ 2,400 2 $ 1,400 1,900 5 650 Date Total Total 500 Total 2,400 Total 3,950 Manufacturing Total Cost of Job Costs Added in Requirement 3. Prepare journal entries to record the transfer of completed jobs from Work-in-Process Inventory to Finishe entries.) Job No. Started Finished Sold at October 31 November ions fr Job No. 1 10/03 10/12 10/13 $ 1,300 Record October's entry first. Job No. 2 10/03 10/30 11/01 1,400 Date Accounts Debit Credit Job No. 3 10/17 11/24 11/27 1,000 $ 900 Oct. 31 Job No. 4 10/29 11/29 12/03 1,200 1,200 Job No. 5 11/08 11/12 11/14 650 Job No. 6 11/23 12/06 12/09 500