Activity-Based Costing, Unit Cost, Ending Work-in-Process Inventory, Journal Entries Feldspar Company uses an ABC system to apply overhead. There are three activity rates: Setting up $25 per setup Machining $5.10 per machine hour Other overhead 75% of direct labor cost uring September, Feldspar worked on three jobs. Data relating to these jobs follow: Job 13-280 Job 13-281 Job 13-282 Units in each order 200 500 100 Units sold 200 100 Materials requisitioned $4,750 $3,700 $5,600 Direct labor cost $2,000 $4,600 $800 Machine hours 80 100 40 Number of setups 20 15 25 uring September, Jobs 13-280 and 13-282 were completed and transferred to Finished Goods Inventory. Job 13-280 was sold by the end of the month. Job 13-281 was the only unfinished job at the end of the month. Required: 1. Calculate the per-unit cost of Jobs 13-280 and 13-282. Round unit cost to nearest cent. Job 13-280 per unit Job 13-282 per unit 2. Compute the ending balance in the work-in-process inventory account. Feedback Check My Work 3. Prepare the journal entries reflecting (a.) the completion of Jobs 13-280 and 13-282 and (b.) the sale of Job 13-280 on account. Make the entry to record the cost of Job 13-280 first, followed by the entry to record the revenue from its sale. The selling price is 150 percent of cost. Finished Goods Work in Process a. b (1). Cost of Goods Sold Finished Goods b (2) Accounts Receivable Sales Revenue Job 13-280 per unit Job 13-282 per unit 2. Compute the ending balance in the work-in-process inventory account. Feedback Check My Work 3. Prepare the journal entries reflecting (a.) the completion of Jobs 13-280 and 13-282 and (b.) the sale of Job 13-280 on account. Make the entry to record the cost of Job 13-280 first, followed by the entry to record the revenue from its sale. The selling price is 150 percent of cost. Finished Goods Work in Process a. b (1). Cost of Goods Sold Finished Goods b (2) Accounts Receivable Sales Revenue