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4 i . Applied overhead at month - end to the Work in Process Inventory account ( for Job 1 3 7 and 1 4

4
i. Applied overhead at month-end to the Work in Process Inventory account (for Job 137 and 140) using the predetermined overhead rate of 200% of direct labor cost.
4.
(a) Compute the total cost of each job in process and prove that the sum of their costs equals the Work in Process Inventory account balance.
02:34:31(b) Comp
(c) Compute the total cost of each job sold, and prove that the sum of their costs equals the Cost of Goods Sold balance.
\table[[Total Job Costs],[(a) Work in Process Inventory,],[,],[,],[,],[Balance,],[(b) Finished Goods Inventory,],[,],[,],[Balance,],[(c) Cost of Goods Sold,],[,],[,],[,],[Balance,]]
Me
Graw
of 4
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, $260,000.
b. Materials requisitions record use of the following materials for the month.
\table[[Job 136,$49,000
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