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Please help me with the blanks highlighted in red. Thank you!
0 Your answer is partially correct. Post the entries to Work in Process Inventory. (Round answers to o decimal places, e.g. 2,500.) work in Process Inventory 6/1 T Balance June 57051 I Completed Work 15185 Direct Materials AT 5 5047 Direct Labor 3709 Overhead Applied Al 6/30TBalance 3708 SHOW LIST OF AccoUNTS
Expert Answer
WORK IN PROCESS INVENTORY :
| OPENING BALANCE (as provided in question) | 5706 | Completed Work | $15185 |
| DIRECT MATERIAL (used during June ) | 5047 | ||
| DIRECT LABOR (labor used by various jobs during june) | 3709 | ||
| OVERHEAD APPLIED(1.25 of DL cost ie. 3709) | 4637 | ||
| Total | 19099 | Total | 15185 |
| Balance ($19099 – 151850 | 3914 |
