Feldspar Company uses an ABC system to apply overhead. There are three activity rates: During September, Feldspar

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Feldspar Company uses an ABC system to apply overhead. There are three activity rates:image text in transcribed

During September, Feldspar worked on three jobs. Data relating to these jobs follow:image text in transcribed

During September, Jobs 10-280 and 10-282 were completed and transferred to Finished Goods Inventory. Job 10-280 was sold by the end of the month. poe 10-281 was the only unfinished job at the end of the month.
Required:
1. Calculate the per-unit cost of Jobs 10-280 and 10-282. (Round unit cost to nearest cent.)
2. Compute the ending balance in the work-in-process inventory account.
3. Prepare the journal entries reflecting the completion of Jobs 10-280 and 10-282 and the sale of Job 10-280 on account. The selling price is 150 percent of cost.LO1

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Related Book For  book-img-for-question

Introduction To Cost Accounting

ISBN: 9780538749633

1st International Edition

Authors: Don R. Hansen, Maryanne Mowen, Liming Guan, Mowen/Hansen

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