Journal Entry
tableITEMACCOUNTS AND EXPLANATIONS,tablePOSTREFDEBIT,CREDITWork in process inventory,,Manufacturing overhead,,Factory Labor,,,Raw materials inventory,,Accounts payable,,,Work in process inventory,,Manufacturing overhead,,Raw materials inventory,,,Manufacturing overhead,,Accumulated depreciationplant,,,Prepaid insurance,,,Property tax payable,,,Work in process inventory,,Manufacturing overhead,,,Finished goods inventory,,Work in process inventory,,,Accounts receivable,,Sales revenue,,,Cost of goods sold,,Finished goods inventory,,,Match the letter that best describes each transaction.
Descriptions:
a To record sale of products
b To record jobs completed
c To record materials used
d To assign overhead costs to products
e To record manufacturing overhead costs
f To record purchase of materials
g To assign labor costs
h To record cost of goods sold
