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answer the t-chart The following bllustration shows a completed flowehart for a job...

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Accounting

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The following bllustration shows a completed flowehart for a job order cost accounting system. All postings are keyed to entries 18 in the example presented for Wallace Company. Identify which types of costs are posted to the Work in Process Inventory account by selecting the amounts to the correct posting location in the T-account in a job order cost system. (Enter answers in alphabetical order.) Raw Materials Inventory Factory Labor Manufacturing Overhead Under each account name in the T-account, enter the letter(s) of the transactions on the correct side (debit or credit) of the affected account(s). For example, for direct materials used, enter "a" in the first cell on the credit (right) side of Raw Materials Inventory. Some cells will remain blank. a. Direct materials are used b. Indirect materials are used c. Direct labor is used d. Indirect labor is used e. Manufacturing overhead is applied f. Completed jobs are recognized g. Cost of goods sold is recognized Work In Process Inventory Finished Goods Inventory Cost of Goods Sold

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