June production generated the following activity in Bentley Chassis Company's Work-in-Process Inventory account: E (Click the icon to view the activity.) Additionally, Bentley has completed Jobs 142...

Question 3, Part 1

Extracted text: June production generated the following activity in Bentley Chassis Company's Work-in-Process Inventory account: E (Click the icon to view the activity.) Additionally, Bentley has completed Jobs 142 and 143, with total costs of $37,000 and $48,000, respectively. Read the requirements. Requirement 1. Prepare the journal entry for production completed in June. (Prepare a single journal entry for this event. Record debits first, then credits. Exclude explanations from any journal entries.) Date Accounts Debit Credit June Finished Goods Inventory Data Table June 1 balance $ 36,000 Direct materials used 32,000 Direct labor assigned to jobs 40,000 Manufacturing overhead allocated to jobs 28,000


Extracted text: Finished Goods Inventory Accounts Receivable Cash Cost of Goods Sold Finished Goods Inventory Manufacturing Overhead Raw Materials Inventory Sales Revenue Wages Payable Work-in-Process Inventory