P27-2A
THE CHERRY COMPANY
File name: P27-2A the cherry company.xls File type: xls PRICE: $12
The Cherry Company
Job in
progress on January 1, 2013:
Job No. D42
Customer Dallas
Apartment Corporation
Date
job begun December
21, 2012
Cost accumulated
d to date:
Materials $2,000
Labor $1,000
Overhead $500
Costs
incurred during January 2013:
Material
|
Labor
|
Overhead
|
Quantity
|
Customer
|
|
JobD42
|
$500
|
$500
|
250
|
5
|
Dallas
Apartment Corporation
|
JobJ01
|
4,000
|
2,000
|
1,000
|
8
|
Luxury
Cabinets
|
Job
J02
|
4,000
|
3,000
|
1,500
|
5
|
Stock
|
Manufacturing
overhead rate 50% of direct labor costs
Actual
manufacturing overhead costs in January $3,000
Job
D42 completion date January 19, 2013
Job D42
sales price $9,000
TUTORIAL PREVIEW
|
CHERRY COMPANY
GENERAL JOURNAL
|
||||
|
Date
|
|
Description
|
Debit
|
Credit
|
|
2013
|
|
|
|
|
|
Jan
|
31
|
Finished goods inventory
|
4,750
|
|
|
|
|
Work in progress inventory
|
|
4,750
|
|
|
|
Cost of jobs completed during the
month
|
|
|
|
|
31
|
Cost
of goods sale
|
250
|
|
|
|
|
Manufacturing overhead
|
|
250
|
|
|
|
Underapplied overhead costs
|
|
|
File name: P27-2A the cherry company.xls File type: xls PRICE: $12
