Answer Happy

2 25 02:14:00 Custom Cabinetry has one job in process (Job 120) os of June 30; at that time, its job cost sheet reports direct materials of $7.900, direct labor of $4,000, and applied overhead of $3,600 Custom Cabinetry applies overhead at the rate of 90% of direct labor cost During July, Job 120 is sold (on account) for $27,500, Job 121 is started and completed, and Job 122 is started and still in process at the end of the month. Custom Cabinetry incurs the following costs during July auty Prodilex tists Direct materials mirect labon Overhead applied $7,500 5,000 X 2,000 11,700 7 1. Prepare journal entries for the following in July a. Duect materials used in production b. Direct labor used in production c Overhead applied. d. The sale of Job 120 e. Cost of goods sold for Job 120 2. Compute the July 31 balances of the Work in Process Inventory and the Finished Goods Inventory accounts (Assume there are no jobs in Finished Goods Inventory as of June 30) Complete this question by entering your answers in the tabs below.
2 Journal entry worksheet 2 Hecord entry 4 5 Clear entry View general journal
2 12.5 points 2 02:13 Hint References Mc Journal entry worksheet < 1 3 Record the entry to assign direct labor to job.. Note: Enter debits before credits b. Record entry 4 General Journal Clear entry Pre Debit R ⠀ Credit View general journal Next
Chap 15 Homework 2 12.5 points 02:12:55 look Hint Journal entry worksheet < 1 C 2 Note: Enter debits before credits. Record the application of overhead to work in process. Record entry 4 5 General Journal Clear entry View general journal
2 12:5 buints 2 02.12.20 Print References Journal entry worksheet 1 Record the sale of Job 120 on account. 3 Note: Enter debits before credits Transaction d Record entry General Journal Clear entry Debit View general journal
2 12.5 224200 Journal entry worksheet 2 4 Record cost of goods sold for Job 120 Record entry Clear entry The View general journal