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1. Job Order Costing (7pts): Skywalker, Inc. is a specialty droid manufacturer that uses a job order costing system. The following information was given for

1. Job Order Costing (7pts): Skywalker, Inc. is a specialty droid manufacturer that uses a job order costing system. The following information was given for the month ended 11/30/2021: Job C1-10P Balances on 11/1/2021: Direct materials $9,450 Direct labor $5,580 Factory OH applied $8,370 Job R2-D2 Job R5-D4 Job C-3PO Job BB-8 in in in $0 $0 $0 $1,460 $0 $0 $0 $980 $0 $0 $0 $1,470 Costs incurred during November: Direct materials used $2,450 $7,450 $6,110 $9,190 $5,730 Direct labor used $1,100 $5,050 $4,380 $6,020 $3,910 Factory OH applied ??? ??? ??? ??? ??? Job status as of the beginning of the period: As of the beginning of November, only Jobs C1-10P and BB-8 were in process. Jobs R2-D2, R5-D4, and C-3PO were all started during November. Beginning balances of inventory accounts as of 11/1/2021: Raw materials inventory, $19,270; Work in Process (WIP) inventory: $27,310 (from Jobs C1-10P and BB-8 in process) Finished Goods inventory: $0 Factory Overhead is applied based on the firm's predetermined overhead rate of 150% of direct labor costs. Raw materials purchased on account during the period, $35,080. Actual Indirect materials used, $2,100. Actual Indirect labor used, $7,540. Other actual overhead costs, $20,915. Job status as of the end of the period: Jobs R2-D2 and R5-D4 are still in process as of the end of the period. Jobs C1-10P, C-3PO, and BB-8 were finished during the period. Job C1-10P was sold to a customer on account during the period for a total of $60,000. PART A (0.5pts): Calculate the total amount of Factory Overhead costs Applied during November 2021. You must show all of your work to receive full credit. PART B (3pts; 1pt each account balance): Determine the ending balances as of November 30th, 2021 of 1) the Raw Materials inventory account, 2) the WIP inventory account, and 3) the Finished Goods inventory account. You must show your work, such as formulas or T-accounts used to arrive at your answers. PART C (3.5pts; 0.5pts each entry): Prepare the journal entries the firm would record for the month of November to record the following information (you must use proper journal entry formatting and include a brief description of each entry. Use 11/XX/ 2021 as the date for all) 1) Raw materials purchases 2) Direct materials used 3) Direct labor used (Record using Factory Wages Payable) 4) Factory overhead costs applied 5) Transfer of costs of all jobs finished during the period from WIP inventory to Finished Goods inventory 6) Revenue from the sale of all jobs sold during the period 7) Cost of Goods Sold (COGS) for all jobs sold during the period

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