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12 OB ORDER COSTING PROBLEM inick Industries, Inc, uses a job order costing system in manufacturing custom products. 15. following table summarizes data related to
12 OB ORDER COSTING PROBLEM inick Industries, Inc, uses a job order costing system in manufacturing custom products. 15. following table summarizes data related to production in June, the first month of operations. stermine the cost to date of each of the seven jobs below. (only if sold) (Questions 1. 2. 3. 4. 5. 6. 7. Factory overhead rate per machine hour: omplete the following transactions for Jonick Industries by entering the amounts. (Questions \#8-16) ie transactions relate to one another. aterials were purchased on account. Matenuin wnre requistioned (based on the inforiaton in the table above) Factory inbor wus used (based an the information in the table above.) Factary cvechead coest were incurted on asonum Depreciation of factory machinery and equipment The factory overhead rate, per machine hour: Machine hours used appears in the table above. Jobs were completed. Jobs were shipped to customers and inventory was adjusted. Customers were billed on account for jobs sold. Determine the following amounts at the end of the first accounting period based on the joumal entries above. (Questions 117-21) Detemine the following arrounts at the end of the first accounting period bafed on the joumal entries above. (Ouestions 41721)
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