-/1 Question 4 of 10 View Policies Current Attempt in Progress Philips Corporationis fiscal year ends on November 30. The following accounts are found in its job order cost accounting system for the first month of the new fiscal year, Other data: 1 2 On December 1, two jobs were in process: Job No. 154 and Job No. 155. These jobs had combined direct materials costs of $9,850 and direct labor costs of $17,100. Overhead was applied at a rate that was 75% of direct labor cost. During December, Job Nos. 156, 157, and 158 were started on December 31, Job No. 158 was unfinished. This job had charges for direct materials $4,500 and direct labor $5.400, plus manufacturing overhead. Al jobs. except for Job No. 158, were completed in December On December 1, Job No. 153 was in the finished goods warehouse. It had a total cost of $5,200. On December 31. Job No. 157 was the only lob finished that was not sold. It had a cost of $4,300 Manufacturing overhead was $1,345 underapplied in December. 3. List the letters (a) through (m) and Indicate the amount pertaining to each letter. Raw Materials Inventory Dec. 1 Beginning balance (a) Dec. 31 31 Purchases Dec. 31 Ending balance 8.135 Requisitions 17.550 17.725 Work in Process Inventory (b) Dec 31 Jobs completed Dec. 1 Beginning balance (c) 31 Direct materials 31 Direct labor 9.100 31 Overhead Idi Dec. 31 Ending balance le) Finished Goods Inventory Dec 1 Beginning balance ) Dec 31 Cost of goods sold 31 Completed jobs thi Dec 31 Ending balance 0) lah Question 4 of 10 > - / 1 HA 31. Job No. 157 was the only lob finished that was not sold. It had a cost of $4,300. 4 Manufacturing overhead was $1,345 underapplied in December List the letters (a) through (m) and indicate the amount pertaining to each letter Raw Materials Inventory Dec. 1 Beginning balance (a) Dec. 31 Requisitions 17.550 31 Purchases 17,725 Dec. 31 Ending balance 8.135 Work in Process Inventory () Dec 31 Jobs completed Dec 1 Beginning balance 31 Direct materials (c) 31 Direct labor 9.100 31 Overhead (d) Dec. 31 Ending balance le) 2 Finished Goods Inventory Dec. 1 Beginning balance () Dec 31 Cost of goods sold 31 Completed jobs ch Dec 31 Ending balance GY Factory Labor Dec 31 Factory wages 12.225 Dec 31 Wages assigned (K) Mufacturing Overhead Dec 31 Indirect materials 3,400 Dec 31 Overhead applied 31 Indirect labor DO 31 Other overhead 1,645 eTextbook and Media