whyat is the general journal, t accounts, schedule of unfinished goods, and schedule of completed...

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whyat is the general journal, t accounts, schedule of unfinished goods, and schedule of completed jobs image
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Otoson Fencing fine. uses iob etder costing. The following data summarize the operations related to prodixcton for Decernber, the first inonth of operafions: a. Materials purchased on account, $29,050. b. Matenals requbitioned and factary labor used: c. Factory averhesd costs incurred on account, $5,400 a. Depeeciation of machinery and equpment, $2,000 e. The factery overhead rale is $52 por inachine hour. Machine hours used: 2. Post the appropriate entres to T accounts for Work in Process and Finished Goods, using the identiying letters as transaction codes, Insert memo account bulances as of the end of the month t Jobs completed: 301,302,303 and 305 Required: 9 as 2 entries memp account bulences as of the end of the month. 3. Prapare a sohedule of unfiniched jobs to support the batince in the work in process accoune 4. Prepare a schedule of completed jobs on hand to support the balance in the Enished goods account. 4. Prepare a schedule of completed jobs on hand to support the balance in the finished goods account. Schedule of Completed Jobs Instruction c. Factory overhead costs incurred on account, $5,400. d. Depreciation of machinery and equipment, $2,000. e. The factory overhead rate is $52 per machine hour. Machine hours usod: 1. Jobs completed: 301,302,303 and 305 9. Jobs were shipped and customers were biled as follows: Job 301,58,310, Job 302,$11,120,J60303,$14,320. 3. Prepare a schedule of unfinished jobs to support the balance in the work in process account. Schedule of Unfinished Jobs Instruction

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