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1. Prepare an overview diagram of the job-costing system at the SRS Educational Press.
2. Prepare journal entries to summarize the 2017 transactions. As your final entry, dispose
of the year-end under- or overallocated manufacturing overhead as a write-off to cost of
goods sold. Number your entries. Explanations for each entry may be omitted.
3. Show posted T-accounts for all inventories, Cost of Goods Sold, Manufacturing
Overhead Control, and Manufacturing Overhead Allocated.
4. How did the SRS Educational Press perform in 2017? Should the company continue to
have in-house press production?
You will submit your answers/explanations for Final Project I in a memo-style format to the
company’s leadership team. Use Microsoft Word and Excel.
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