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2 Homework Problems Saved Jenkins Company uses a job order cost system with overhead applied to jobs on the basis of direct labor hours. The
2 Homework Problems Saved Jenkins Company uses a job order cost system with overhead applied to jobs on the basis of direct labor hours. The direct la $20 per hour, and the predetermined overhead rate is $15 per direct labor hour. The company worked on three jobs during A A and B were in process at the beginning of April. Job A was completed and delivered to the customer. Job B was completec April, but not sold. Job C was started during April, but not completed. The job cost sheets revealed the following costs for Apa Job A Job B Job C Cost of Jobs in Process, 4/1/2018 $11,800 $1,000 $ Direct Materials Used 1,800 7,600 8,400 Direct Labor 9,600 7,600 2,800 Applied Manufacturing Overhead ? ? ? Required: If no other jobs were started, completed, or sold, determine the balance in each of the following accounts at the end of April: a. Work in Process b. Finished Goods c. Cost of Goods Sold
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