ACCOUNTING 2302 Question Can somebody please help me answer the questions at the very bottom I have some answers but I need help with the rest Please and Thank you Work in Process Job 1 Work in Process 2 Job 2 What is the ending balance for raw materials 11960 What is the ending balance for work in process 4830 What is the ending balance for finished goods 0 What is the actual manufacturing overhead cost incurred during December before adjustment What is the total applied manufacturing overhead cost during December before adjustment What is the unadjusted cost of goods sold Was the manufacturing overhead for the month of December overapplied underapplied What is the amount of Manufacturing overhead overapplied underapplied What is the adjusted cost of goods sold 10530 What is gross margin 18470 What is the total prime cost for Job 1 What is the total conversion cost for job 1 What is the total product cost for job 1 What was the period cost incurred for the month of December What is the total variable cost incurred for Job 1(assume that all selling and administrative cost and all manufacturing overhead costs are fixed ) What is the contribution margin for Job 1 (assume that all selling and administrative cost and all manufacturing overhead costs are fixed ) What would be the actual (not applied) total fixed manufacturing overhead cost incurred for the company for the month if the order in Job 1 is for five tables instead of one table assuming this cost is with in the relevant range General Journal Date Description Debit Credit 24,000 1 Dec Raw Materials 24,000 Accounts Payable 5,800 5 Dec Work in Process 1 Raw Materials 5,800 10 Dec Work in Process 1 180 5,000 Manufactured Overhead 2,000 Salary Expense Salaries and wages payable 7,180 6,240 15 Dec Work in Process 2 Raw Materials 6,240 16 Dec Manufactured Overhead 900 Accounts Payable 900 1,600 17 Dec Advertising Expense 1,600 Accounts Payable 20 Dec Manufactured Overhead Depreciation Expense 00 Accumulated Depreciation 750 3,000 22 Dec Work in Process 1 3,000 Manufactured Overhead 8,980 Finished Goods 26 Dec 8,980 Work in Process 1 29,000 28 Dec Accounts Receivable 29,000 Sales Revenue Cost of Goods Sold 8,980 8,980 Finished Goods 31 Dec Work in Process 2 90 90 Salaries and wages payable 1,500 31 Dec Work in Process 2 1,500 Manufactured Overhead 1 550 31 Dec Cost of Goods Sold 1 550 Manufactured Overhead

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ACCOUNTING 2302 Question Can somebody please help me answer the questions at the very bottom? I have some answers but I need help with the

ACCOUNTING 2302 Question Can somebody please help me answer the questions at the very bottom? I have some answers but I need help with the rest. Please and Thank you! image text in transcribed

Work in Process = Job #1 Work in Process 2 = Job #2

What is the ending balance for raw materials? 11960
	What is the ending balance for work in process? 4830
	What is the ending balance for finished goods? 0
	What is the actual manufacturing overhead cost incurred during December before adjustment?
	What is the total applied manufacturing overhead cost during December before adjustment?
	What is the unadjusted cost of goods sold?
	Was the manufacturing overhead for the month of December overapplied/underapplied ?
	What is the amount of Manufacturing overhead overapplied/underapplied?
	What is the adjusted cost of goods sold? 10530
	What is gross margin? 18470
	What is the total prime cost for Job#1?
	What is the total conversion cost for job #1?
	What is the total product cost for job#1?
	What was the period cost incurred for the month of December?
	What is the total variable cost incurred for Job #1(assume that all selling and administrative cost and all manufacturing overhead costs are fixed.)?
	What is the contribution margin for Job #1 (assume that all selling and administrative cost and all manufacturing overhead costs are fixed.)?
	What would be the actual (not applied) total fixed manufacturing overhead cost incurred for the company for the month if the order in Job #1 is for five tables instead of one table assuming this cost is with in the relevant range?

General Journal Date Description Debit Credit 24,000 1-Dec Raw Materials 24,000 Accounts Payable 5,800 5-Dec Work in Process 1 Raw Materials 5,800 10-Dec Work in Process 1 180 5,000 Manufactured Overhead 2,000 Salary Expense Salaries and wages payable 7,180 6,240 15-Dec Work in Process 2 Raw Materials 6,240 16-Dec Manufactured Overhead 900 Accounts Payable 900 1,600 17-Dec Advertising Expense 1,600 Accounts Payable 20 Dec Manufactured Overhead Depreciation Expense 00 Accumulated Depreciation 750 3,000 22-Dec Work in Process 1 3,000 Manufactured Overhead 8,980 Finished Goods 26-Dec 8,980 Work in Process 1 29,000 28-Dec Accounts Receivable 29,000 Sales Revenue Cost of Goods Sold 8,980 8,980 Finished Goods 31-Dec Work in Process 2 90 90 Salaries and wages payable 1,500 31-Dec Work in Process 2 1,500 Manufactured Overhead 1.550 31-Dec Cost of Goods Sold 1.550 Manufactured Overhead