The following information relates to the manufacturingoperations of O\'Shaunessy
ID: 2433477 • Letter: T
Question
The following information relates to the manufacturingoperations of O'Shaunessy mfg Co. during the month of March. Thecompany uses job odrering cost.Prepare a general journal entries to summarize: g. Jobs with total accumulated costs of $116,000 werecompleted duing the month h. During March, units costing $128,000 were sold for$210,000. (All sales were made on account) The following information relates to the manufacturingoperations of O'Shaunessy mfg Co. during the month of March. Thecompany uses job odrering cost.
Prepare a general journal entries to summarize: g. Jobs with total accumulated costs of $116,000 werecompleted duing the month h. During March, units costing $128,000 were sold for$210,000. (All sales were made on account)
Explanation / Answer
(g) Finished GoodsInventory $116,000 Work in Process Inventory $116,000 [To record completion of Job duringthe month] (h) Accounts Receivables $128,000 Sales $128,000 [To record the units costingsales] Cost of GoodsSold $210,000 Finished Goods Inventory $210,000 [To record the Cost of GoodsSold] (g) Finished GoodsInventory $116,000 Work in Process Inventory $116,000 [To record completion of Job duringthe month] (h) Accounts Receivables $128,000 Sales $128,000 [To record the units costingsales] Cost of GoodsSold $210,000 Finished Goods Inventory $210,000 [To record the Cost of GoodsSold]Related Questions
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