Question
3 of 4 Required information The following information applies to the questions displayed below Widmer Watercraft's predetermined overhead rate is 200% of direct labor Information
He 8 4. Prepare a report showing the total cost of each job in process and prove that the sum of their costs equals the Work in Process Inventory account balance Prepare similar reports for Finished Goods Inventory and Cost of Goods Sold Part 4 of 4 Report of Job Costs Work in Process inventory ob 137 Job 140 10 Din wo Balance Finished Goods inventory Job 139 Prom Rece D Balance Cost of Goods Sold Job 138 ob 138 Balance 5 0 3 of 4 Required information The following information applies to the questions displayed below Widmer Watercraft's predetermined overhead rate is 200% of direct labor Information on the company's production activities during May follows a. Purchased raw materials on credit. $200,000 b. Materials requisitions record use of the following materials for the month Job 136 Bob 137 Job 135 Job 139 Job 140 Total direct materials Indirect materials Total materials used $ 45,000 32,000 19,200 22,400 6.400 128,000 19 300 $147.500 c. Paid $15,000 cash to a computer consultant to reprogram factory equipment d. Time tickets record use of the following labor for the month. These wages were paid in cash Chapter 15 Homework 00 8 Oy 130 ob 11 To 1 Sob ob 140 Total direct la Indirect labor Total $12.00 10.50 11.50 99,00 Part 4 TO 20. 30 $130.00 e. Applied overhead so lots 136 138 and Transferred Jobs 136 138 and 139 toined Goods 9. Sold Jotis 136 and 138 on credit atat price of $525.000 h. The company incurred the following area consting the month credit Predance ford focuiry instance Depreciation of actory Depreciation of factory out Expirat factory in the Accuyo So, 3.500 10,000 35. Applied awheeda moth end to the Work in Process Inventory accordots 137 and Hong predmed overhead ro of 200% of director care ME G
He 8 4. Prepare a report showing the total cost of each job in process and prove that the sum of their costs equals the Work in Process Inventory account balance Prepare similar reports for Finished Goods Inventory and Cost of Goods Sold Part 4 of 4 Report of Job Costs Work in Process inventory ob 137 Job 140 10 Din wo Balance Finished Goods inventory Job 139 Prom Rece D Balance Cost of Goods Sold Job 138 ob 138 Balance 5 0
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