MA11 - Job Order Costing - Journal Entries - Sample Problem - Part 1

Go to: www.accountingworkbook.com/ to download the problems.
Module 3 examines job order costing. In this module we learn how to use the predetermined overhead rate to compute the cost of jobs, we practice journal entries of job order costing, and we learn how to handle overapplied and underapplied manufacturing overhead.

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Tony my man. You are the Goat bro. Making me love acounting! Thanks so much for your help!

[@mohammedadnan8641]

amazing, short and wonderful explanation of job order costing method ... thanks a lot for sharing this video Tony.

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[@virtuousmama6089]

Firstly thank you for the videos.
Secondly you’re correct it’s roofs
Thirdly I’m confused about why you debited WIP Inventory $150k for DL instead of another WIP account. Would you please explain why?
Thanks much

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It should be rooves. However English is a language where Wednesday is pronounced wensday. So figures! Thanks for the great vid

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Why is a written as raw materials instead of WIP if it is a direct material

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[@Tony-Bell]

haha! Thanks

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[@sydbarnes9006]

With the 4500 supplies I noticed you just debited MOH don't you have to also put wip as it is still not finished.

[@Tony-Bell]

We DR MOH for all indirect costs - then all MOH costs eventually go into WIP when we "Apply MOH" in part i.)

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[@moslempakoohi813]

How can we connect you and ask questions

[@Tony-Bell]

I can't tackle student submitted questions - I only provide what's available in the videos - if you have any questions about the videos, just leave a comment and I'll respond there - but student submissions aren't possible.

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[@Tony-Bell]

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Roofs 😂😂😂