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(0) Chung Corpora The predetermined materials and time ing Corporation uses a job order costing system. Five jobs were worked on during the current year.

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(0) Chung Corpora The predetermined materials and time ing Corporation uses a job order costing system. Five jobs were worked on during the current year. redetermined overhead rate is 20% of direct labor costs. The following cost information is available an rials and time ticket information applies to direct costs): Job $66,000 101 102 103 104 Materials Requisitions Time Tickets $32,000 $63,000 $74,000 $39,000 $50,000 $32,000 $36,000 $53,000 $68,000 Part 1-Complete the job cost sheets for each job. Job No. 101 Materials Labor Overhead Total Cost Status Job No. 102 Materials Labor Overhead Total Cost Status Job No. 103 Materials Labor Overhead Total Cost Status Finished In Process Sold Job No. 104 Materials Labor Overhead Total Cost Status Dob No. 105 Materials Labor Overhead Total Cost Status Finished Sold Part 2--Identify the amounts of each of the following accounts at the end of the period a. Work in Process b. Finished Goods c. Cost of Goods Sold

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