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13 Odk Creek Furniture Factory (OCF), a custom furniture manufacturer, uses job order costing to track the cost of each customer order. On March 1,
13 Odk Creek Furniture Factory (OCF), a custom furniture manufacturer, uses job order costing to track the cost of each customer order. On March 1, OCFF had two jobs in process with the following costs: Source documents Materials Requisiti Work in Process Job 33 Job 34 Balance on 3/1 $ 4,800 3,900 $8,709 Job 33 Job 34 Source documents revealed the following during March: Job 35 Indirect S Materials Requisitions Labor Time Forms Tickets Status of Job at Month-End Job 33 $ 3,600 $ 4,700 Completed and sold Job 34 2,100 3,100 Completed, but not sold Job 35 4,400 3,300 In process Indirect 800 1,90e $ 10,900 $ 13, eee The company appli The company applies overhead to products at a rate of 65 percent of direct labor cost. Required: 1. Compute the co 2. Calculate the bar Sold accounts atm Required: 1. Compute the cost of Jobs 33, 34, and 35 at the end of the month. 2. Calculate the balance in the Work In Process Inventory, Finished Goods Inventory, and Cost of Goods Sold accounts at month-end. Expert Ans M
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