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current year. The Work in Process account contained a $24,600 balance
on this date.
tal direct material requisitions and directlabor incurred
during January amounted to $89,200 and $114,500, respectively.
that remained in process on January 31 was job
no. 638, with costs of $15,000 for direct materials and $20,000 for
direct labor.
a. Compute the total cost of the work in process inventory on
January 31.
b. Compute the cost of jobs completed during January, and present
the proper journal entry to reflect job completion.
Chapter 4 Exercise 7
7. Overhead application: Working backward
The Towson Manufacturing Corporation applies overhead on the basis
of machine hours. The following divisional information is presented for
your review: