1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
SCORPION-xisa [38]
3 years ago
11

The following account appears in the ledger prior to recognizing the jobs completed in January: Work in ProcessBalance, January

1 $ 72,000Direct materials 390,000Direct labor 500,000Factory overhead 250,000Jobs finished during January are summarized as follows:Job 210 $200,000 Job 224 $225,000Job 216 288,000 Job 230 436,800a. Journalize the entry to record the jobs completed.b. Determine the cost of the unfinished jobs at January 31.
Business
1 answer:
exis [7]3 years ago
7 0

Answer:

Year-end WIP 62,200

jounral entry for completed jobs:

-------------------------------------

Finished Good Inventory   1,149,800 DEBIT

  WIP inventory                              1,149,800 CREDIT

-------------------------------------

Explanation:

<u>WIP </u>

Beginning  $     72,000

Materials    $   390,000

Labor          $   500,000

Overhead   <u>$   250,000</u>

Total WIP    $  1,212,000

<u />

<u>Finished Jobs:</u>

Job 210  $  200,000

Job 224 $  225,000

Job 216  $  288,000

Job 230 <u>$  436,800</u>

Total       $ 1,149,800

the jobs complete will move to finished good and credit WIP inventory

WIP year-end:

1,212,000 - 1,149,800 = 62,200

You might be interested in
What is one way to set up an opportunity for job shadowing?Contact people you know and request a shadowing experience.Show up on
Lorico [155]

Answer:

A is the answer I just did the test and I remember from my notes writing it down

Explanation:

my notes

1. say ask your parents, family members, and friends if they know anyone working in the career field you want to shadow

2. research organizations that employ people in the career field you want to shadow

3. contact the people from your network and organizations to request a shadowing experience

8 0
3 years ago
To be a team, a group must be composed of members with complementary skills.T/F
AysviL [449]

True, because you don't everyone good at the same thing. For example, if you want to make a car, you don't want everyone to just know how to build doors.

3 0
3 years ago
A company undergoing _____ completely redesigns its work processes, hoping for dramatic improvements in the efficiency and effec
netineya [11]

Answer: Business process re-engineering

Explanation:

Business Reengineering is the fundamental rethinking and radical redesign of business processes to achieve dramatic improvements in critical, contemporary measures of performance, such as cost, quality, service, and speed” – Michael Hammer and James Champy

Business process reengineering is an approach used to improve organizational performance by increasing the efficiency and effectiveness of processes that exist across the organization. In addition to the redesigning of business processes, it also involves the redesigning of associated systems and organizational structures.

5 0
3 years ago
Compute the discounted payback statistic for Project C if the appropriate cost of capital is 7 percent and the maximum allowable
Lelechka [254]
The answer i think is rejected because the cash flow is not stable
6 0
3 years ago
If private investors put a lot of money into the U.S. economy, the gross domestic product will increase. What else will likely o
Phoenix [80]
An increase in jobs and inflation.
8 0
3 years ago
Other questions:
  • Select all that apply.
    5·1 answer
  • The business judgment rule provides corporate officers and directors protection when Multiple Choice the liability is a result o
    11·1 answer
  • A and B are married and own property as tenants by the entirety. The property is worth $500,000. A incurs a debt of $100,000 and
    11·1 answer
  • The use of a test for firefighters that requires candidates to carry a 100 pound sack down a ladder could result in certain grou
    12·2 answers
  • Dermody Snow Removal's cost formula for its vehicle operating cost is $2,850 per month plus $317 per snow-day. For the month of
    14·2 answers
  • A local finance company quotes a 17 percent interest rate on one-year loans. So, if you borrow $20,000, the interest for the yea
    9·1 answer
  • On January 1, the Matthews Band pays $65,800 for sound equipment. The band estimates it will use this equipment for four years a
    5·1 answer
  • In the United States, which assessment system measures Inflation?
    12·1 answer
  • We strive to make all of our customers feel satisfied with their video game purchases, so we invite you to exchange "Gods of Par
    10·2 answers
  • The degree to which someone's personality and values align with the organizational culture of a firm is called
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!