After step 1

Inventory

Received, not invoiced

Balance

30

Balance

0

Job Inventory

Accounts Payable

Balance

0

Balance

35

Work In Progres (Job)

Job Cost

Balance

0

Balance

0

Internally distributed cost

Price variance

Balance

0

Balance

5

Cost of Sales (std)

Shop order variance (labor)

Balance

0

Balance

0

Cost of Sales (Job)

Shop order variance (OH)

Balance

0

Balance

0

After step 2

Inventory

Received, not invoiced

Balance

30

Balance

0

Job Inventory

Accounts Payable

Balance

20

Balance

61

Work In Progres (Job)

Job Cost

Balance

6

Balance

0

Internally distributed cost

Price variance

Balance

0

Balance

5

Cost of Sales (std)

Shop order variance (labor)

Balance

0

Balance

0

Cost of Sales (Job)

Shop order variance (OH)

Balance

0

Balance

0