1 QUESTION 2 15 MARKS 30 MINUTES 2 Isdredd Inc. manufactures kitchen cabinetry for new and existing homes. Early in April, the computer system was attacked by a virus and some of the manufacturing data from March was lost before month end was completed. The production and accounting departments have recovered the following information: 3 5 6 7 Cost incurred to March 1 Added during March Status at March 31 Direct Materials Direct Labour Direct Materials Direct Labour $ 8,200 $ 2,200 $ 600 $ 300 Not completed $ 4,300 $ 3,600 $ 10,500 $ 5,400 Completed, not sold $ 2,600 $ 300 $ 7,500 $ 6,000 Completed, sold $ $ $ ? $ ? Not completed Job Number 1220-QC 0121-BF 0221-YV 0321-AS 8 9 10 11 12 Isdredd Inc. also had records showing the following account activity for March: 13 14 Purchased in Issued/Used in At March 1 March March 16,300 $ 32,000 $ 23,800 $ $ $ 13,000 Account Direct materials Direct labour At March 31 $ ? 15 16 17 18 Additional Information: 19 20 On March 1, there was one job, 1120-CC, in Finished Goods. This job was completed in February for a total cost of $23,000 and sold in March for 21 $29,500. 22 23 Required: 24 a) What is the total cost of the two completed jobs in March? 25 b) What are the account balances for Direct Materials, Work in Process, and Finished Goods at March 31? 26