5/9284/assignments/93631 PLUS Jiambalvo, Managerial Accounting, 6e #e Sestem Annesncements PRINTER VERSION CALCULATOR BACK NEXT Problem 2-3 Ridgewood, Co. manufactures cutting dies for the shoe industry. Each set of dies is custom designed to a customer's templates. During the first week of May, six orders were recelved from customers. They were assigned job numbers 1005 to 1010. The following transactions occurred during the first week of May: Ridgewood purchased steel on account from Eastern City Steel costing (indirect materials) from Canarie Supplies costing $2,100. 5,850. The company received and paid for supplies Material requisitions indicated that materials were issued to the factory floor as follows: by Indirect Materials Job No. Direct Materials 1005 $650 1006 850 1007 1,600 1006 2009 1010 650 450 350 54.550 $1.300 Totals The labor time ticket summary reflected the following costs for the week Direct Labor Indirect Labor Job No. 1025 AM urses/9284/assignments/93631 YPLUS Jiambalvo, Managerial Accounting, 6e Help | System Announcements CALCULATOR PRINTER VERSION BACK 1010 350 Totals $4,550 $1,300 212 21 23 The labor time ticket summary reflected the following costs for the week: Job No. Direct Labor Indirect Labor 1005 $1,600 ore sults by ective 1006 2,800 1007 3,300 1008 1,200 1009 900 1010 700 Totals $10,500 $5,500 Overhead was applied to all jobs in process at 130 percent of direct labor cost. Jobs 1005, 1006. 1007, and 1008 were completed and transferred to finished goods. Jobs 1009 and 1010 were still in process at the end of the week. Jobs 1005, 1006. 1007, and 1008 were shipped to customers and billed at 100 percent of total Job cost. Calculate the total cost of each Job. Total Cost 10 AM op 84/assignments/93631 LUS Piambalvo, Managerial Accounting, 6e Help I System Announcements CALCULATOR PRINTER VERSI Calculate the total cost of each job. Total Cost 1005 1006 1007 1008 1009 %24 1010 SHOW LIST OF ACCOUNTS LINK TO TEXT B4/assignments/93631 US iambalvo, Managerial Accounting, 6e Help I System Announcements 4BACK PRINTER VERSION CALCULATOR Prepare Journal entries to record the above information. (Credit account titles are automatically indented when the amount is entered. Do not indent manually.) Credit Debit Account Titles and Explanation (To record purchase of steell) (To record purchase of supplies) (To record materials used in production) gnments/93631 Searc 12 HW Jiambalvo, Managerial Accounting, 6e US Help I System Announcements PRINTER VER CALCULATOR (To record materials used in production) (To record labor) (To record overhead applied to production) (To record cost of jobs completed) %23 hp B4/assignments/93631 CH 2 HW Search LUS Piambalvo, Managerial Accounting, 6e Help I System Announcements CALCULATOR PRINTER VERSIC (To record cost of jobs completed) (To record the sale of finished goods) Click if you would like to Show Work for this question: Open Show Work SHOW LIST OF ACCOUNTS LINK TO IEXE 01 hp