The Tip Tap Company receives an order for 10,000 units of taps (a tool used to make threads in a block of steel). The taps require considerable machining on a blank (Part 14) to make. Blanks are sometimes ruined in the machining process, but the cost of the ruined blanks is treated as a part of the cost of the job. Direct labor hours are used to allocate overhead. Each blank, spoiled or good, requires the same amount of direct labor hours. The job-order cost sheet for the order is as follows:

Job number: 43 Date started: 04/20 Date completed: 06/20

All of the blanks for the job were purchased on March 10. The batch of 10,000 taps was sold on July 15.
What are the costs of this job order in the Raw Materials, Work-in-Process, and Finished Goods inventory accounts, and the Cost of Goods Sold account at the end of March, April, May, June, and July?

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Raw Materials Direct Labor Date Type Cost Qty. Amount Cost Hours Amount 04/20 14 $1 3,500 $3,500 $18 200 $3,600 05/14 14 1 4,000 4,000 18 220 3,960 06/20 14 1 3,300 3,300 18 200 3,600 10,800 $10,800 620 $11,160 Total units worked on Good units Spoiled units 10,800 10,000 800 Total direct materials $10,800 Total direct labor Overhead (620 direct labor hours $10/hour) Total job cost 11,160 6,200 $28,160