Process Job Costing, accounting homework help
Process Job Costing, accounting homework help
Please see the attached excel file and complete it in its entirety. Any questions, please feel free to contact me.
| INSTRUCTIONS: |
| 1. Compute the physical units of production. |
| 2. Compute the cost per unit to complete packaging for labor, materials, overhead, and total. |
| 3. Compute equivalent units and cost of work in process as of the end of February. |
| 4. Record journal entries for: |
| a. the movement of materials from materials inventory to each job |
| b. the allocation of payroll to each job |
| c. the application of overhead to each job |
| d. the movement of work in process to finished goods |
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