Identifying job order costing journal entries Consider the following:
|
Materials inventory |
Work in process inventory |
Finished goods inventory |
Accounts payable |
|||
|
(a) |
(b) |
(b) |
(f) |
(f) |
(g) |
|
|
(c) |
||||||
|
(e) |
||||||
|
Wages payable |
Manufacturing overhead |
Cost of goods sold |
Prepaid insurance |
|||
|
(a) |
(b) |
(b) |
(f) |
(f) |
(g) |
|
|
(c) |
||||||
|
(e) |
||||||
Requirement
1. Describe the letter transactions in the above accounts.