Delta Co. uses a job costing system. The following debits (credits) appeared in Delta's WIP...
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Accounting
Delta Co. uses a job costing system. The following debits (credits) appeared in Delta's WIP inventory account for the month of April 2020:
April Description Amount
1 Balance $5,000
30 Direct materials $24,000
30 Direct manufacturing labor $16,000
30 Manufacturing overhead $12,800
30 To finished goods $(48,000)
Delta applies manufacturing overhead to production using direct manufacturing labor costs as the allocation basis. Job No. 5, the only job still in progress on April 30, 2020, has been charged with direct manufacturing labor of $2,000. Compute the amount of direct materials charged to Job No. 5.
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You can see the logs in the Dashboard.