At the beginning of October 2019, Unicorn Company had two jobs in process (Job A and Job B) with the following accumulated cost information:

During October, two more jobs (Job C and Job D) were started. The following direct materials and direct labor costs were added to the jobs during the month of October

At the end of October,, Jobs A, B, and C were completed, Only Job B was sold. On October 1, 2019 the balance in Finished Goods was zero.

1. Calculate the overhead rate based on direct labor cost (Job A and Job B)

2. Prepare a brief job-order cost sheet for the four jobs. Show the balance as of October 1 as well as direct materials and direct labor added in October. Apply overhead to the four jobs for the month of October, and show the ending balances.

3. Calculate the ending balances of Work in Process, Finished Goods, and Cost of Goods Sold as of October 31.

Job A Job B Direct Materials $2,500 $1,550 Direct Labor $1,600 $2,800 Applied Overhead $1,800 $3,164 Balance, October 1 $5,900 $7,514 Job A Job B Job C Job D Direct Materials $1,200 $2,250 $1,600 $800 Direct Labor $1,000 $2,400 $3,800 $900