1 (3:50 Dobs The Healthy Heart Company uses a normal job-order costing system in its only production department. Overhead is applied to jobs by a plant wide overhead rate based on direct labor hours. The first year of apcration began on December 1, 2018. During the month of December 2018, Healthy Heart purchased direct materials with a total cost of $4,000 of the $4,000, Healthy Heart used $500 on Job 100. Job 100 was the only job worked during the month of December 2018. Healthy Heart also cherged $1,200 in Direct Labor and SB00 in Applied Overhead to Job 100 in December. JOB 100 WAS NOT FINISHED IN DECEMBER 2010, SO THE ENDING WIP INVENTORY FOR DECEMBER 31, 2018 WAS $2,500 ALL ON JOB 100 (Hint - remember to set up your Materials inventory and calculate your ending materials inventory For the new year (112019-12/31/2019). Healthy Heart had the following transactions. REMEMBER TO TAKE INTO CONSIDERATION THE ABOVE INFORMATION WHEN SETTING UP YOUR JOB SCHEDULE AS WE DID IN CLASSI Estimates for 2019 Include 5420.000 in Overhead and 30,000 in Direct Labor Hours 2. Direct Materials purchased during 2019 cost a total of $81.000 3. Direct Materials used on the jobs during 2019 as follows: Direct Material Cost Pob 100 $10,850 loh 101 20400) Uab 102 Pob 103 $15,240 Pob 104 $8,210 4. During 2019 Direct Labor HOURS incurred on each job are in the following table. The DIRECT LABOR RATE FOR THESE HOURS WAS $20.00 PER HOUR AND WOULD BE USED TO CALCULATE DIRECT LABOR COST. Jobs Direct labor HOURS Hab 100 4,945 Direct Labor Hours Pob 101 15.900 Direct Lebor Hours 9,750 Direct Labor Hours Liah 102 1.850 Direct Labor Hours Jab 104 2,916 Direct Labor Hours 5. By December 31, 2019 All af Job 100 and 101 were completed. Job 100 consisted of 5.926 units and Job 101 consisted of 21,250 units 6. By December 31, 2019 -All of Job 101 was sold for $50.00 per unit. In addition, 5.000 of the 5.936 units of Job 100 were sold for $80 per unit. SUPER HINT! DON'T FORGET THAT YOU NEED APPLIED OH ON YOUR JOBS AS WELL AS DM & DLL HERE ARE YOUR QUESTIONS - BE SURE YOU PUT IN $ SIGNS and COMMAS AS NEEDED WITH EACH OF YOUR ANSWERS, FOR EXAMPLE, IF Y ANSWER IS 10000...YOU WOULD INSERT $10,000 100000 WOULD BE $100,000 OR 1000 WOULD BE 51.000. IF THE ANSWER ISO, YOU WOULD INSERT $0. YOU SHOULD ROUND TO THE NEAREST DOLLAR "NO CENTS') IN YOUR ANSWER What is the Beginning Materials Inventory for 1M:2019? What is the Ending Materials Inventory for 12/31/2019? Job 102 What is the Beginning Work in Process Inventory for 1/1/2019? What is the Ending Work in Process Inventory for 12/31/2019? What is the Beginning Finished Goods Inventory for 14:2019? What is the Ending Finished Goods Inventory for 12/31/20197 What is the cost of Goods Manufactured for the year ending 12/3120192 What is the UNADJUSTED Cost of Goods Sold for the year ending 12/31/20197 Careful-you are not required to compute under or overapplied OH (information was not civen in the problemi 1 (3:50 Dobs The Healthy Heart Company uses a normal job-order costing system in its only production department. Overhead is applied to jobs by a plant wide overhead rate based on direct labor hours. The first year of apcration began on December 1, 2018. During the month of December 2018, Healthy Heart purchased direct materials with a total cost of $4,000 of the $4,000, Healthy Heart used $500 on Job 100. Job 100 was the only job worked during the month of December 2018. Healthy Heart also cherged $1,200 in Direct Labor and SB00 in Applied Overhead to Job 100 in December. JOB 100 WAS NOT FINISHED IN DECEMBER 2010, SO THE ENDING WIP INVENTORY FOR DECEMBER 31, 2018 WAS $2,500 ALL ON JOB 100 (Hint - remember to set up your Materials inventory and calculate your ending materials inventory For the new year (112019-12/31/2019). Healthy Heart had the following transactions. REMEMBER TO TAKE INTO CONSIDERATION THE ABOVE INFORMATION WHEN SETTING UP YOUR JOB SCHEDULE AS WE DID IN CLASSI Estimates for 2019 Include 5420.000 in Overhead and 30,000 in Direct Labor Hours 2. Direct Materials purchased during 2019 cost a total of $81.000 3. Direct Materials used on the jobs during 2019 as follows: Direct Material Cost Pob 100 $10,850 loh 101 20400) Uab 102 Pob 103 $15,240 Pob 104 $8,210 4. During 2019 Direct Labor HOURS incurred on each job are in the following table. The DIRECT LABOR RATE FOR THESE HOURS WAS $20.00 PER HOUR AND WOULD BE USED TO CALCULATE DIRECT LABOR COST. Jobs Direct labor HOURS Hab 100 4,945 Direct Labor Hours Pob 101 15.900 Direct Lebor Hours 9,750 Direct Labor Hours Liah 102 1.850 Direct Labor Hours Jab 104 2,916 Direct Labor Hours 5. By December 31, 2019 All af Job 100 and 101 were completed. Job 100 consisted of 5.926 units and Job 101 consisted of 21,250 units 6. By December 31, 2019 -All of Job 101 was sold for $50.00 per unit. In addition, 5.000 of the 5.936 units of Job 100 were sold for $80 per unit. SUPER HINT! DON'T FORGET THAT YOU NEED APPLIED OH ON YOUR JOBS AS WELL AS DM & DLL HERE ARE YOUR QUESTIONS - BE SURE YOU PUT IN $ SIGNS and COMMAS AS NEEDED WITH EACH OF YOUR ANSWERS, FOR EXAMPLE, IF Y ANSWER IS 10000...YOU WOULD INSERT $10,000 100000 WOULD BE $100,000 OR 1000 WOULD BE 51.000. IF THE ANSWER ISO, YOU WOULD INSERT $0. YOU SHOULD ROUND TO THE NEAREST DOLLAR "NO CENTS') IN YOUR ANSWER What is the Beginning Materials Inventory for 1M:2019? What is the Ending Materials Inventory for 12/31/2019? Job 102 What is the Beginning Work in Process Inventory for 1/1/2019? What is the Ending Work in Process Inventory for 12/31/2019? What is the Beginning Finished Goods Inventory for 14:2019? What is the Ending Finished Goods Inventory for 12/31/20197 What is the cost of Goods Manufactured for the year ending 12/3120192 What is the UNADJUSTED Cost of Goods Sold for the year ending 12/31/20197 Careful-you are not required to compute under or overapplied OH (information was not civen in the problemi