Caltran, Inc completed manufacturing Job 445
It included $350 of direct materials cost, $1,240 of direct labor cost, and $500 of allocated manufacturing overhead. Which of the following is the correct journal entry needed to record the completed job?
A)
Work-in-Process Inventory 2,090
Finished Goods Inventory 2,090
B)
Finished Goods Inventory 2,090
Materials Inventory 2,090
C)
Work-in-Process Inventory 1,590
Cost of Goods Sold 1,590
D)
Finished Goods Inventory 2,090
Work-in-Process Inventory 2,090
D .D)
Cost of Job 445:
Direct materials $350
Direct labor 1,240
Manufacturing overhead allocated 500
Job cost for Job 445 $2,090
Journal entry:
Finished Goods Inventory 2,090
Work-in-Process Inventory 2,090
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