CALCULATOR PRINTER VERSION B Exercise 178 Garner Company begins operations on July 1, 2019. Information from job cost sheets shows the following: Manufacturing Costs Assigned Job No. July August September $12,000 $8.800 101 10,800 9,700 $12,000 102 103 11,800 6,000 104 5,800 7,000 100 5,000 Job 102 was completed in July Job 100 was completed in August, and Jobs 101 and 103 were completed in September. Each job was sold for 60% above its cost in the month following completion Compute the balance in Work in Process Inventory at the end of July work in process inventory Compute the balance in Finished Goods Inventory at the end of September Balance finished goods inventory Compute the gross profit for August Gross Profit $ Click If you would like to show Work for this questioni Open Show Work CALCULATOR PRINTER VERSION BACK NEXT Exercise 14 Landis Company uses a job order cost system in each of its two manufacturing departments Maracturing overhead is applied to you on the basis of direct labor cost in Department and machine hours in Department . In establishing the predetermined overhead rates for 2019, the following estimates were made for the year Department Manufacturing overhead $2,100,000 $1,400,000 Direct labor cost 1,500,000 1,200,000 Direct labor hours 100,000 100,000 Machine hours 200,000 400,000 During January, the job cost sheet showed the following costs and production data Department Direct materials used $195,000 $120,000 Direct labor cost 100,000 110,000 Manufacturing overhead incurred 130,000 135,000 Direct labor hours 8,000 8,400 Machine hours 16.000 34.000 Compute the predetermined overhead rate for each department (Hound answers to decimal places 32.78) Department A Departments Predetermined head rate per machine hour Compute the total manufacturing out assigned to jobs in January in each department Department Department Total manufacturing costs Compute the balance in the Manufacturing Overhead account at the end of January and indicate whether overhead is over or underapplied. Balance Brief Exercise 160 Raynor Company has the following data: Direct labor Direct materials used Total manufacturing overhead Ending work in process Beginning work in process $76,000 84,000 65,000 30,000 45,000 Compute total manufacturing costs. Total manufacturing costs $ Compute cost of goods manufactured. Cost of goods manufactured $ Click if you would like to Show Work for this question: Open Show Work