15. Chung Corporation uses a job order costing system. Five jobs were worked on during the current year. The predetermined overhead rate is 20% of direct labor costs. The following cost information is available (all materials and time ticket information applies to direct costs):

Job	Materials Requisitions	Time Tickets
101	$66,000	$32,000
102	$63,000	$74,000
103	$39,000	$50,000
104	$32,000	$36,000
105	$53,000	$68,000

Part 1-Complete the job cost sheets for each job.

Job No. 101	Job No. 102	Job No. 103
Materials		Materials		Materials
Labor		Labor		Labor
Overhead		Overhead		Overhead
Total Cost		Total Cost		Total Cost
Status	In Process	Status	Sold	Status	Finished

Job No. 104	Job No. 105
Materials		Materials
Labor		Labor
Overhead		Overhead
Total Cost		Total Cost
Status	Sold	Status	Finished

Part 2-Identify the amounts of each of the following accounts at the end of the period a. Work in Process ____________________ b. Finished Goods ____________________ c. Cost of Goods Sold ____________________

16. The following data relates to the Mass Company's first operating period. Calculate the total cost of goods sold for each product.

	Cost/unit	Units	Overhead rate (Percent of Direct Labor cost)
Product	Direct Materials	Direct Labor	Produced	Ending Inventory
A	$10	$12	215	115	60%
B	8	15	330	180	40%
C	14	10	250	200	80%

17. Chumley Advertising Agency contracted with a company to prepare an ad campaign. Chumley uses a job order costing system. Chumley estimates that the job will take 140 designer hours at $90 per hour and 85 staff hours at $45 per hour. Chumley uses two overhead rates in applying overhead to jobs: Designer-related at $100 per designer hour and staff-related at $50 per staff hour. Determine the total estimated cost for this job.

18. KL Company uses a job order costing system. During the month of July, the following events occurred: (a) Purchased raw materials on credit, $32,000. (b) Raw materials requisitioned: $25,800 as direct materials and $10,500 indirect materials. (c) Assigned the factory payroll totaling $37,700, which includes $8,200 indirect labor, to jobs and overhead. Make the necessary journal entries to record the above transactions and events.