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Analyzing manufacturing cost accounts .. please show work. Chapter 16 Job Order Costing 821 PR 16-4A Analyzing manufacturing cost accounts Obj. 2 G.$751,870 Fire Rock
Analyzing manufacturing cost accounts .. please show work.
Chapter 16 Job Order Costing 821 PR 16-4A Analyzing manufacturing cost accounts Obj. 2 G.$751,870 Fire Rock Company manufactures designer paddle boards in a wide variety of sizes and styles, The following incomplete ledger accounts refer to transactions that are summarized for June Materials 1 Balance 30 Purchases 82,500 June 30 Requisitions 330,000 ECIL TEMPLATE June Work in Process IB) June 30 Completed jobs June 1 Balance 30 Materials 30 Direct labor 30 Factory overhead applied Finished Goods Balance 0 June 30 Cost of goods sold June 1 30 Completed jobs Wages Payable June 30 Wages incurred Factory Overhead 33,000 ne 30 June 1 Bslance Factory overhead 30 Indirect labor 30 Indrect materials 30 Other overhead 44,000 In addition, the following information is available A Materials and direct labor were applied to six jobs in June: Job No 201 StyleQuantity Direct Materials Direct Labor T100 $55,000 93,500 38,500 82,500 60,000 22,000 41,250 1,500 22,000 69,300 48,000 550 1,100 550 T400 T300 205 206 Total 3,720 $264,450 8. C. Factory overhead is applied to each job at a rate of 140% of direct labor cost. The June 1 Work in Process balance consisted of two jobs, as follows: Work in Process, June 1 516,500 Job No. 201 202 Total T100 D. Customer jobs completed and units sold in June were as follows Units Sold in June Completed Job No. Style in June T100 T200 T400 S200 T300 5100 201 203 204 (Continued)
Analyzing manufacturing cost accounts .. please show work.
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