Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

aestion 31 (10 points) Page 31 of Pribil Farm Equipment is a job-order costing manufacturer that uses a plantwide overhead titetsdom direct labor hours. Estimations

image text in transcribed
aestion 31 (10 points) Page 31 of Pribil Farm Equipment is a job-order costing manufacturer that uses a plantwide overhead titetsdom direct labor hours. Estimations for the year include $280.000 in overhead and 10.00 direct laborbon Pribil worked on five jobs in March. Data are as follows: Balance, 3/1 Direct materials Direct labor cost Direct labor hours Job 89 $3.900 13,000 5,600 400 hrs. Job 90 $15,800 17.000 4,500 300 hrs. Job 91 S9,000 29.400 3,240 180 hrs. Job 22 s 9 15,600 700 50 hrs Job 33 50 200 3.770 By March 31, Jobs 89 and 91 were completed and sold. Job 90 was completed but not yet old The rest of the jobs remained in process. What is the ending balance of Work in Process on March 31? (3 pts) What is the ending balance of Finished Goods on March 31? (3 pts) What is the cost of goods sold for March? (2 pts)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accountancy And The Changing Landscape Of Integrated Reporting

Authors: Ioana Dragu

1st Edition

1522536221, 9781522536222

More Books

Students also viewed these Accounting questions

Question

What is the biggest challenge facing the organization?

Answered: 1 week ago