212 chaprer 4 > Problems Group A P4-284_Analyzing cost dat pk-28.don Manyield Learning Objectives 1, 2,4 ang cost data, recording completion and sales of jobs randon Manufacturing makes carrvine cases for portable electronic devices, les ng records yield the following information: Total Manufacturing Costs Added in November h. costing records yield the for 5. Gross profit $1,000 PO 51.000 Date Job No. Started Total Cost of Job Finished Sold at October 31 90/12_10/1330 $ 1.000 10303, 11/01 1,300 600 $ 800 1,600 Sale 11/24 500 350 10/03 10/03 10/17 10/29 11/08 11/23 11/29 11/27 12/03 11/14 12/09 100 11/12 12/06 36:39 Slick 19-5 Requirements Which type of costing system is Brandon using? What piece of data did you base your answer on? Oborder or Process costing hiub has a specific darte 2. Use the dates in the table to identify the status of each job at October 31 and November 30. Compute Brandon's account balances at October 31 for Work-in-Process Inventory, Finished Goods Inventory, and Cost of Goods Sold. Compute, by job, account balances ar November 30 for Work-in-Process Inventory, Finished Goods Inventory, and Cost of Goods Sold. 3. Prepare journal entries to record the transfer of completed jobs from Work-in-Process Inventory to Finished Goods Inventory for October and November 4. Record the sale of Job 3 for $2,400 on account. Ad 1080 5. What is the gross profit for Job 3? . .. anal antriee erials (wood, brass, and manufacturing overhead 6. Compute gross pronto Debit renitam Ao Credit Accanelated e. Other overhead costs incurred: Equipment rentals paid in cash, $34,000; Worker liability insurance expired, $6,000. f. Allocated overhead to jobs. 13:45 5 n Actual Buse I labor cost 1:14. Houses completed: 402, 404. Gh. House sold on account: 404 for $220,000. OVCA Requirements 1. Calculate Sunset's predetermined overhead allocation rate for the year. 2. Prepare journal entries to record the events in the general journal