After step 3

Inventory

Received, not invoiced

Balance

20

Balance

0

Job Inventory

Accounts Payable

Balance

0

Balance

61

Work In Progres (Job)

Job Cost

Balance

36

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 4

Inventory

Received, not invoiced

Balance

20

Balance

0

Job Inventory

Accounts Payable

Balance

0

Balance

61

Work In Progres (Job)

Job Cost

Balance

36

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