Handout Problem Answers
Raw Materials InventoryWork In Process Inventory
DrCr.DrCr.
beg bal5,000beg bal30,000
Factory Labor
DrCr.
Finished Goods Inventory
Factory OverheadDrCr.
DrCr.beg bal50,000
SalesCost of Goods Sold
DrCr.DrCr.
SUBSIDIARY WORK IN PROCESS ACCOUNTS — JOB COST SHEETS
Job 107Job 108
ITEMCOSTITEMCOST
Beginning Balance30,000Beginning Balance
Direct MaterialsDirect Materials
Direct LaborDirect Labor
Factory OverheadFactory Overhead
Total30,000Total-
Job 109
ITEMCOST
Beginning Balance
Direct Materials
Direct Labor
Factory Overhead
Total-