5-1 Cost Accounting

For Part 3 here are the List of accounts to journalize.

Accounts Receivable

Accounts Receivable or Cash

Cash

Cost of Goods Sold

Finished Goods

Sales Revenue

Work in Process

Exercise 5.11 (Algorithmic) Job Costs, Ending Work in Process During March, Aragon Company worked on three jobs. Data relating to these three jobs follow Job 78 Job 79 Job 80 270 Units in each onder 220 230 Units sold 230 $1,540 Materials requisitioned $1,265 $2,835 Direct labor hours 242 253 459 $2,904 $3,764 Direct labor cost 54,301 Overhead is assigned on the basis of direct labor hours at a rate of $7.80 per direct labor hour. During March, Jobs 78 and 79 were completed and transfemed to Finished Goods Inventory. Job 79 was sold by the end of the month. Job 80 was the only unfinished job at the end of the month Required: 1. Calculate the per-unit cost of Jobs 78 and 79. Round your answers to the nearest cent. Job 78 per unit Job 79 per unit 2. Compute the ending balance in the work-in process inventory account. Round your answer to the nearest cent