Journalize the entries for the completion of the two jobs and the sale of Job 10.
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- Joumalize the entries for the completion of the two jobs and the sale of Job 10.Can you help me with the last 2 journal entries? They are recording charges to Work-In-Process and the Transfer of Job 87.The questions to be answered. What is balance on the Cost of Goods Sold account after the adjustment Calculate the gross profit earned by Harriott on the jobs completed. Determine the balance in work in process inventory on November 30.
- Prepare for the jobs in process and determine the balances of three inventory accounts at the end of the year18. What is the certificate that is given to employee at the end of the year to aid him in the filing of his annual income tax return? a. Certificate of income tax withheld b. Certificate of employment. c. Certificate of compensation payment - tax withheld. d. Certificate of salaries paid. 19. In a job-order costing system, the cost incurred to rework unit that are common to all jobs should be debited to: a. Work in Process b. Manufacturing Overhead c.Materials d. Manufacturing Overhead Applied 20. In a job-order costing system, the recovery value of scrap that is significant in economic value, abnormal and due to the nature of particular jobs should be credited to: a. Work in Process b. Manufacturing Overhead c.Loss from Abnormal Spoilage d.MaterialsWhich document lists the total direct labor used in a specific job? A. job cost sheet B. purchase order C. employee time ticket D. receiving document
- Use the dates above to identify the status of each job. Compute the following balances for Thrifty: a. Work-in-Process Inventory at August 31 b. Finished Goods Inventory at August 31 c. Cost of Goods Sold forTransactions in a Job Order Cost System Five selected transactions for the current month are indicated by letters in the following T accounts in a job order cost accounting system: Materials Work in Process (a) (a) (d) (b) (c) Wages Payable Finished Goods (b) (d) (e) Factory Overhead Cost of Goods Sold (a) (c) (e) (b) Describe each of the five transactions. a. b. c. d. e.Journalizing the entry to record jobs shipped and customers billed would include a credit to A. Cash B. Accounts payable C.finished goods D. Cost of goods sold
- iv) What is balance on the Cost of Goods Sold account after the adjustmentv) Calculate the gross profit earned by Harriott on the jobs completed.vi) Determine the balance in work in process inventory on November 30selected transactions for the current month are cated by letters in the following T accounts in a job er cost accounting system: Materials (a) Wages Payable (b) Factory Overhead (C) (a) (b) (c) (d) (e) cribe each of the five transactions. Work in Process (d) Finished Goods (e) Cost of Goods SoldFive selected transactions for the current month are indicated by letters in the following T accounts in a job order cost accounting system: