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20 Seved Oak Creek Furniture Factory (OCFP), a custom furniture manufacturer, uses job order costing to track the cost of each customer order On March
20 Seved Oak Creek Furniture Factory (OCFP), 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: Work in Process Job 33 Balance on 3/1 $ 5,500 Job 34 4,600 $ 10,100 Source documents revealed the following during March: Materials Requisitions Fores Labor Time Tickets Job 33 $ 2,900 $ 4,000 Status of Job at Month-End Completed and sold Job 34 3,700 3,100 Completed, but not sold Job 35 Indirect 4,880 3,400 In process 1,100 $12,500 1,400 $11,900 The company applies overhead to products at a rate of 55 percent of direct labor cost. 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. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the cost of Jobs 33, 34, and 35 at the end of the month. Total Manufacturing Cost Job 33 Job 34 Job 35 Required t Required 2> Oak Creek Furniture Factory (OCFF), 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: Balance on 3/1 Work in Process Job 33 Job 34 $ 5,500 4,600 $10,100 Job 33 Job 34 $2,900 Source documents revealed the following during March: Materials Requisitions Labor Time Forms Tickets Completed and sold Status of Job at Month-End $ 4,000 3,700 3,100 Completed, but not sold Job 35 Indirect 4,800 3,400 In process 1,100 $12,500 1,400 $11,900 The company applies overhead to products at a rate of 55 percent of direct labor cost. 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. Complete this question by entering your answers in the tabs below. Required 1 Require Calculate the balance in the Work in Process Inventory, Finished Goods Inventory, and Cost of Goods Sold accounts at month- end. Work in Process Inventory Finished Goods Inventory Cost of Goods Sold
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