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252Fmghmidd... Group Exercises Saved Help Save & Exit Submit E2-1 (Static) Posting Direct Materials, Direct Labor, and Applied Overhead to T-Accounts, Calculating Ending Balances [LO

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252Fmghmidd... Group Exercises Saved Help Save & Exit Submit E2-1 (Static) Posting Direct Materials, Direct Labor, and Applied Overhead to T-Accounts, Calculating Ending Balances [LO 2-2, 2-3, 2-4) 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: Work in Process Job 33 Job 34 Balance on 3/1 $ 7,500 6,000 $ 13,500 Source documents revealed the following during March: Materials Requisitions Torms Job 33 $ 3,500 Job 34 6,000 Job 35 4,200 Indirect 1,300 $ 15,000 Labor Time Tickets status of Job at Month-End $ 6,500 Completed and sold 7.800 Completed, but not sold 3,250 In process 2,140 $19,690 5 of 7 !!! Next > Ser=0&launchUrl=https%253A%252F%252Flms.mheducation.c Saved Group Exercises Help The company applies overhead to products at a rate of 150 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 account 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 Reque Required 2 > SEP 12 ... os tv 4 %253A%252F%252Flms.mheducation.com%2E Saved Help Group Exercises Save The company applies overhead to products at a rate of 150 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 Complete this question by entering your answers in the tabs below. Required 1 Required 2 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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