Remote Education Technology, Incorporated started and finished job number B during June. The job required $ of direct material and hours of direct labor at $ per hour. The predetermined overhead rate is $ per directlabor hour.
Required:
Prepare journal entries to record the incurrence of production costs and the completion of job number B
Note: If no entry is required for a transactionevent select No journal entry required" in the first account field.
Record the cost of the raw materials, directlabor and manufacturing overhead costs applied to Job B
Note: Enter debits before credits.
tableTransactionGeneral Journal,Debit,CreditWorkinprocess inventory,,Rawmaterial inventory,,Wages payable,,Manufacturing overhead,,
Record transfer of job costs from work in process to finished goods inventory.
Note: Enter debits before credits.
tableTransactionGeneral Journal,Debit,Credit
