Problem 6 A company uses a job-order costing system. The following data relate to...
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Accounting
Problem 6 A company uses a job-order costing system. The following data relate to the just completed month's operations.
Beginning balance in Work in Process | $13,000 |
| $52,000 |
| $25,000 |
| $19,000 |
| $28,000 |
| $10,000 |
| $7,000 |
| $31,000 |
| $20,000 |
Post the above transactions to the T-accounts below.
Cash | Accounts Payable | Sales | |||||||
BEG | 200,000 |
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Accounts Receivable | Salaries & Wages Payable | Cost of Goods Sold | |||||||
Raw Materials | Property Taxes Payable | Depreciation Expense | |||||||
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Work in Process | Notes Payable | Salaries Expense | |||||||
BEG | 13,000 |
| 13,000 | BEG |
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Finished Goods | Utilities Expense | ||||||||
Accumulated Depreciation | Sales Commission Expense | ||||||||
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Manufacturing Overhead | Advertising Expense | ||||||||
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| Contributed Capital |
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| 200,000 | BEG |
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