E 7. Partial operating data for Charing Cross Company are presented below.

Charing Cross Company’s management has set the predetermined overhead rate for the current year at 80 percent of direct labor costs.

Using T accounts and the data provided, compute the unknown values. Show all your computations.
Job Order Cost Card and Computation of Product Unit Cost

Transcribed Image Text:

Account/Transaction Beginning Materials Inventory Beginning Work in Process Inventory Beginning Finished Goods Inventory Direct materials used Direct materials purchased Direct labor costs Overhead applied Cost of units completed December $ 42,000 66,000 29,000 168,000 a 382,000 b C Cost of Goods Sold 808,000 Ending Materials Inventory 38,000 Ending Work in Process Inventory 138,600 Ending Finished Goods Inventory d