Atco products, Inc. provided the following data for January, 2001;

Materials and supplies; Inventory, January1, 2001.. $20,000

Purchases on account.. $40,000

Labor, Accrued, January1, 2001. $1,500

Paid during January (ignore payroll taxes).. $35,000

Factory overhead costs: Supplies (issued from materials). $2,500

Indirect labor... $5,500

Depreciation $2,000

Other factory overhead costs (on account) $10,500

Work in process: job1 job2 job3 Total Work in process January 1, 2001 $2,000 $2,000 Job costs during January, 2001 Direct materials $6,000 $5,000 $6,000 17,000

Direct labor... 8,000 7,000 6,000 21,000

Applied factory overhead. 8,000 7,000 6,000 21,000

Job 1 started in December, 2000, finished during January, and sold to a customer for $31,000 cash

Job 2 started in January, not yet finished;

Job 3 started in January, finished during January, and now in the finished goods warehouse waiting customers disposition

Finished goods inventory, January 1, 2001..-0-

Based on the above data calculate the following (show any necessary working)

1. The total cost of jobs completed;

2. The total cost of jobs sold;

3. Amount of payroll transferred to factory overheads;

4. Total amount of requisition in work in process;

5. Total gross profit earned on job sold;

6. Amount of ending finished goods inventory? (No Journal Entries required)