Entry for Jobs Completed; Cost of Unfinished Jobs The following account appears in the ledger...
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Accounting
Entry for Jobs Completed; Cost of Unfinished Jobs
The following account appears in the ledger prior to recognizing the jobs completed in January:
| Work in Process | ||
| Balance, January 1 | $11,190 | |
| Direct materials | 90,970 | |
| Direct labor | 98,140 | |
| Factory overhead | 51,590 | |
Jobs finished during January are summarized as follows:
| Job 210 | $45,340 | Job 224 | $52,900 | |
| Job 216 | 27,710 | Job 230 | 95,720 |
Question Content Area
a. Journalize the entry to record the jobs completed. If an amount box does not require an entry, leave it blank.
Question Content Area
b. Determine the cost of the unfinished jobs at January 31. $fill in the blank 3942baff9ff4fbb_1
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