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Unit Cost, Ending Work In Process Inventory, Journal Entries During August, Skyler Company worked on three jobs. Data relating to these three jobs follow: Job 39 Job 40 Job 41 Units in each order 70 100 Units sold 100 Materials requisitioned $700 $690 $800 Direct labor hours 420 400 200 Direct labor cost $2.268 $2.440 $1,220 Overhead is assigned on the basis of direct labor hours at a rate of $2.20 per direct labor hour. During August, Jobs d 40 were completed and transferred to Finished Goods Inventory. Job 40 was sold by the end of the month Job 41 was the only used job at the end of the month Required: 1. Calculate the per-unit cost of Jobs 39 and 40. Round unit costs to newest cent. Job per un Job 40 2. Comote the ending balance in the work-in-process inventory account 3. Prepare the journal entries reflecting (a) the completion of sand 40 and (b) the sale of Job 40. Make the entry to record the cost of Jobs tollowed by the entry to record the revenue from the selling prices 150 percent of cost Previous MacBook Air $ 4 % 5 B N B C M V command option Calculator Overhead is assigned on the basis of direct labor hours at a rate of $2.20 per direct labor hour. During August, Jobs 39 and 40 were completed and transferre Finished Goods Inventory. Job 40 was sold by the end of the month Job 41 was the only unfinished job at the end of the month. Required: 1. Calculate the per-unit cost of Jobs 39 and 40. Round unit costs to nearest cent. Job 39 per unit Job 40 per unit 2. Compute the ending balance in the work-in-process inventory account. 3. Prepare the journal entries reflecting (a) the completion of Jobs 39 and 40 and (b) the sale of job 40. Make the entry to record the cost of Job 40 first, followed by the try to record the revenue from its sale. The selling price is 150 percent of cost. a 0 0 b (1) (2) Previous Next Save and Submit went for Grading MacBook Air w % 5 &7 8 9 0 4 a P C C E R T Y G J H F K L ? N M ? ? V B