ACC 102-226 SUMMER 18 Homework: Chapter 17 Homework Score: 0 of 2 pts E17-22 (si

Question

ACC 102-226 SUMMER 18 Homework: Chapter 17 Homework Score: 0 of 2 pts E17-22 (similar to) 20f 4 (1 complete) ? June production generated the following activity In Beamer Chassis Company's Work-in-Process Inventory account (Click the icon to view the activity ) Additionaly, Beamer has completed Jabs 142 and 143, with tatal costs of $41,000 and $36,000, respoctivly Read the repuiraments Requirement 1. Prepare the joumal entry for production complated in June. (Prepare a single joumal entry for this event Record deblts first, then credts. Exclude explanations from any journal entries.) Date Accounts Debit Credit June Data Table une1 balance Direct materials used Direct labor assigned to jobs Manufecturing overhead allocated to Jobs 25,000 43,000 45.000 31,500 PrintDone

Explanation / Answer

Note:- total cost of completed jobs transferred into Finished goods = job 142 + job 143

= $41000 + $36000

= $77000

Date Accounts Dr Cr June Finished goods inventory $77000 To Work in process inventory $77000 [Being jobs completed transferred into Finished goods inventory]

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