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Check my a. Purchased $102,000 of raw materials on credit. b. Materials requisitions show the following materials used for the month. Job 201 Job 202
Check my a. Purchased $102,000 of raw materials on credit. b. Materials requisitions show the following materials used for the month. Job 201 Job 202 Total direct materials Indirect materials Total materials used $ 50,200 25,600 75,800 10,620 $ 86,420 c. Time tickets show the following labor used for the month. Job 201 Job 202 Total direct labor Indirect labor Total labor used $ 41,200 14,600 55,800 26,200 $ 82,000 d. Applied overhead to Job 201 and to Job 202 using a predetermined overhead rate is 80% of direct materials cost. e. Transferred Job 201 to Finished Goods Inventory. f. (1) Sold Job 201 for $169,760 on credit. (2) Record cost of goods sold for Job 201. g. Incurred the following actual other overhead costs for the month. tes Depreciation of factory equipment Rent on factory building (payable) Factory utilities (payable) Expired factory insurance $ 34,000 700 1,000 5,000 Total other factory overhead costs $ 40,700 1. Prepare a job cost sheet for Job 201 and for Job 202 for the month. 2. Compute gross profit on the sale of Job 201. ces Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare a job cost sheet for Job 201 and for Job 202 for the month. Job Number Job Number 201 202 Materials $ 50,200 $ 25,600 Labor 41,200 14,600 Overhead Total cost $ 91,400 $ 40,200 Required 1 Required 2 Complete this question by entering your Required 1 Required 2 Compute gross profit on the sale of Job 201. Job 201 Gross Profit < Required 1
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