CALCULATOR PR Problem 15-5A Phillips Corporation's fiscal year ends on November 30. The following accounts are found in its job order cost accounting system for the first month of the Other data: 1. On December 1, two jobs were in process: Job No. 154 and Job No. 155. These jobs had combined direct materials costs of $9.850 and direct labor cost was applied at a rate that was 75% of direct labor cost. 2. During December, Job Nos. 156, 157, and 158 were started. On December 31, Job No. 158 was unfinished. This job had charges for direct materials 84.24 $5,400, plus manufacturing overhead. All jobs, except for Job No. 158, were completed in December 3. On December 1, Job No. 153 was in the finished goods warehouse. It had a total cost of $5.100. On December 31, Job No. 157 was the only job finished th a cost of $4,400. 4. Manufacturing overhead was $1,095 underapplied in December 18,950 List the letters (a) through (m) and indicate the amount pertaining to each letter Raw Materials Inventory Dec. 1 Beginning balance 1900 (2) Dec 31 Requisitions 31 Purchases 18,525 Dec. 31 Ending balance 8,475 Work in Process Inventor Dec. 1 Beginning balance 3872 (b) Dec 31 Jobs completed 31 Direct materials 4200 (0) 31 Direct labor 8.900 31 Overhead 675 38225 ( Dec 31 Ending balance Finished Goods Inventory Problem 15-5A Philips Corporation's fiscal year ends on November 30. The following accounts are found in its job order cost accounting system for the first month of the new fiscal year. Other data: 1. 2. On December 1, two jobs were in process: Job No. 154 and Job No. 155. These jobs had combined direct materials costs of $9,850 and direct labor costs of $16,500. Overhead was applied at a rate that was 75% of direct labor cost. During December, Job Nos. 156, 157, and 158 were started on December 31, Job No. 158 was unfinished. This job had charges for direct materials $4,200 and direct labor $5,400, plus manufacturing overhead. Al jobs, except for Job No. 158, were completed in December On December 1, Job No. 153 was in the finished goods warehouse. It had a total cost of $5,100 on December 31, Job No. 157 was the only job finished that was not sold. It had cost of $4,400 Manufacturing overhead was $1.095 underapped in December 3. List the letters (a) through (m) and indicate the amount pertaining to each letter. Raw Materials Inventory Dec. 1 Beginning balance 8900 (a) Dec 31 Requisitions 18,950 19.525 31 Purchases Dec 31 Ending balance 8.475 Work in Process Inventory 38725 ) Dec 31 Jobs completed 38725 4200 Dec. 1 Beginning balance 31 Direct materials 31 Direct labor 31 Overhead 6675 (d Dec 31 Ending balance Finished Goods Inventory 31 Direct, materiais 4200 31 Direct labor 8,900 31 Overhead 6675 (0) Dec. 31 Ending balance Finished Goods Inventory 5100 (9) Dec 31 Cost of goods sold Dec. 1 Beginning balance 31 Completed Jobs Dec 31 Ending balance Dec. 31 Factory wages 44000) Factory Labor 12,125 Dec. 317 Wages assigned Manufacturing Overhead 3,200 Dec 31 Overhead applied Dec. 31 Indirect materials 31 Indirect labor 31 Other overhead Click if you would like to Show Work for this question: Osen Show Work CALCULATOR PR Problem 15-5A Phillips Corporation's fiscal year ends on November 30. The following accounts are found in its job order cost accounting system for the first month of the Other data: 1. On December 1, two jobs were in process: Job No. 154 and Job No. 155. These jobs had combined direct materials costs of $9.850 and direct labor cost was applied at a rate that was 75% of direct labor cost. 2. During December, Job Nos. 156, 157, and 158 were started. On December 31, Job No. 158 was unfinished. This job had charges for direct materials 84.24 $5,400, plus manufacturing overhead. All jobs, except for Job No. 158, were completed in December 3. On December 1, Job No. 153 was in the finished goods warehouse. It had a total cost of $5.100. On December 31, Job No. 157 was the only job finished th a cost of $4,400. 4. Manufacturing overhead was $1,095 underapplied in December 18,950 List the letters (a) through (m) and indicate the amount pertaining to each letter Raw Materials Inventory Dec. 1 Beginning balance 1900 (2) Dec 31 Requisitions 31 Purchases 18,525 Dec. 31 Ending balance 8,475 Work in Process Inventor Dec. 1 Beginning balance 3872 (b) Dec 31 Jobs completed 31 Direct materials 4200 (0) 31 Direct labor 8.900 31 Overhead 675 38225 ( Dec 31 Ending balance Finished Goods Inventory Problem 15-5A Philips Corporation's fiscal year ends on November 30. The following accounts are found in its job order cost accounting system for the first month of the new fiscal year. Other data: 1. 2. On December 1, two jobs were in process: Job No. 154 and Job No. 155. These jobs had combined direct materials costs of $9,850 and direct labor costs of $16,500. Overhead was applied at a rate that was 75% of direct labor cost. During December, Job Nos. 156, 157, and 158 were started on December 31, Job No. 158 was unfinished. This job had charges for direct materials $4,200 and direct labor $5,400, plus manufacturing overhead. Al jobs, except for Job No. 158, were completed in December On December 1, Job No. 153 was in the finished goods warehouse. It had a total cost of $5,100 on December 31, Job No. 157 was the only job finished that was not sold. It had cost of $4,400 Manufacturing overhead was $1.095 underapped in December 3. List the letters (a) through (m) and indicate the amount pertaining to each letter. Raw Materials Inventory Dec. 1 Beginning balance 8900 (a) Dec 31 Requisitions 18,950 19.525 31 Purchases Dec 31 Ending balance 8.475 Work in Process Inventory 38725 ) Dec 31 Jobs completed 38725 4200 Dec. 1 Beginning balance 31 Direct materials 31 Direct labor 31 Overhead 6675 (d Dec 31 Ending balance Finished Goods Inventory 31 Direct, materiais 4200 31 Direct labor 8,900 31 Overhead 6675 (0) Dec. 31 Ending balance Finished Goods Inventory 5100 (9) Dec 31 Cost of goods sold Dec. 1 Beginning balance 31 Completed Jobs Dec 31 Ending balance Dec. 31 Factory wages 44000) Factory Labor 12,125 Dec. 317 Wages assigned Manufacturing Overhead 3,200 Dec 31 Overhead applied Dec. 31 Indirect materials 31 Indirect labor 31 Other overhead Click if you would like to Show Work for this question: Osen Show Work