Answer:
Work in Process* 837,000
Wages Payable 837,000
* Job 60
$360,000
= 15,000 hours × $24.00
Job 61 477,000 = 18,000 hours × $26.50
Total $837,000
PE 19-2A Direct labor costs
During February, Gross Company accumulated 15,000 hours of direct labor costs on Job 60 and 18,000 hours on Job 61. The total direct labor was incurred at a rate of $24.00 per direct labor hour for Job 60 and $26.50 per direct labor hour for Job 61. Journalize the entry to record the flow of labor costs into production during February.
Answer:
Work in Process* 837,000
Wages Payable 837,000
* Job 60
$360,000
= 15,000 hours × $24.00
Job 61 477,000 = 18,000 hours × $26.50
Total $837,000
Answer:
Work in Process* 837,000
Wages Payable 837,000
* Job 60
$360,000
= 15,000 hours × $24.00
Job 61 477,000 = 18,000 hours × $26.50
Total $837,000