Applying Concepts

On June 1, Delman Company's work in process inventory consisted of three jobs with the following costs:

	Job 40	Job 41	Job 42
Direct materials	$1,000	$2,000	$700
Direct labor	1,800	1,200	800
Applied overhead	1,260	840	560

During June, four more jobs were started. Information on costs added to the seven jobs during the month is as follows:

	Job 40	Job 41	Job 42	Job 43	Job 44	Job 45	Job 46
Direct materials	$3,000	$5,000	$4,700	$3,400	$1,500	$800	$350
Direct labor	4,000	3,200	2,800	1,300	900	740	160

By the end of June, Jobs 40, 41, 42, and 44 were completed. Jobs 40 and 42 were sold. (There were no jobs in Finished Goods on June 30. Delman Company prices its jobs at cost plus 40%.

Required:

1. Calculate the predetermined overhead rate based on direct labor cost. fill in the blank 67251a0b7036fae_1%

2. Fill in the following table to calculate the ending Work in Process balance for each job as of June 30.

Job 40

Job 41

Job 42

Job 43

Job 44

Job 45

Job 46

Beginning balance

$fill in the blank 67251a0b7036fae_2

$fill in the blank 67251a0b7036fae_3

$fill in the blank 67251a0b7036fae_4

-

-

-

-

Direct materials

3,000

5,000

4,700

3,400

1,500

800

350

Direct labor

4,000

3,200

2,800

1,300

900

740

160

Applied overhead

fill in the blank 67251a0b7036fae_5

fill in the blank 67251a0b7036fae_6

fill in the blank 67251a0b7036fae_7

fill in the blank 67251a0b7036fae_8

fill in the blank 67251a0b7036fae_9

fill in the blank 67251a0b7036fae_10

fill in the blank 67251a0b7036fae_11

Ending balance

$fill in the blank 67251a0b7036fae_12

$fill in the blank 67251a0b7036fae_13

$fill in the blank 67251a0b7036fae_14

$fill in the blank 67251a0b7036fae_15

$fill in the blank 67251a0b7036fae_16

$fill in the blank 67251a0b7036fae_17

$fill in the blank 67251a0b7036fae_18

3. Calculate the ending balance of:

Work in Process	$fill in the blank 67251a0b7036fae_19
Finished Goods	$fill in the blank 67251a0b7036fae_20
Cost of Goods Sold	$fill in the blank 67251a0b7036fae_21

4. Sales revenue for June equaled $fill in the blank 67251a0b7036fae_22