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6) ABC Corporation uses a job order cost accounting system. Six jobs were worked on during the current year. The predetermined overhead rate is 25%

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6) ABC Corporation uses a job order cost accounting system. Six jobs were worked on during the current year. The predetermined overhead rate is 25% of direct labor cost. The following information is available: (all material and time ticket information applies to direct cost) Job Material Requisitions 101 $60,000 102 $25,000 103 $30,000 104 $35,000 105 $50,000 106 $10,000 Time Tickets $25,000 $60,000 $32,000 $40,000 $56,000 $ 4,000 Status In Process Sold Finished Sold Finished In Process Use the following template to answer the Total Cost information for each job. Should have 6 job cost sheets Job No Materials $XXX Labor XXX Overhead XXX Total Cost XXX Use the Job cost information for Min Corporation found in the problem above to answer the following questions (Look at the status -- to see where it goes) Total in Work in Process S Total Finished Good $ Total Cost of Goods Sold S

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