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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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