Reviews
- financial analysis
baddddddddddddd, received 20%...............
- Job order costing
These were the notes from the teacher. My grade was a 65. 65; questions 4, 6 & 7 are incorrect; when overhead is applied, WIP is debited and FO is credited based on the overhead rate; when jobs are sold in a perpetual system, two entries are required: one to record the sale: A/R is debited and Sales is credited and one to record the cost of the job: CGS is debited and FG is credit; the inventory balances are incorrect, they should be a direct reflection of your entries.
- financial analysis
baddddddddddddd, received 20%...............
- Job order costing
These were the notes from the teacher. My grade was a 65. 65; questions 4, 6 & 7 are incorrect; when overhead is applied, WIP is debited and FO is credited based on the overhead rate; when jobs are sold in a perpetual system, two entries are required: one to record the sale: A/R is debited and Sales is credited and one to record the cost of the job: CGS is debited and FG is credit; the inventory balances are incorrect, they should be a direct reflection of your entries.
