Company X is a job-order costing manufacturer that uses a plantwide overhead rate based on direct labor hours. The companys accountant determined that the predetermined overhead rate for this year is $5.40 per direct labor hour.

Company X worked on five jobs in March. Data are as follows:

The direct labor hours worked on each job were:

Job 89: 500 hours

Job 90: 450 hours

Job 91: 150 hours

Job 92: 750 hours

Job 93: 800 hours

By March 31, Jobs 89 and 91 were completed and sold. Job 90 was completed but not yet sold.

The rest of the jobs remained in process.

1. What is the total cost of Job 92?

2. What is the total cost of Job 89?

3. What is the ending balance of Work in Process on March 31?

4. What is the ending balance of Finished Goods on March 31?

5. What is the ending balance of Cost of Goods Sold on March 31?

6. On which financial statement would the ending balance of Finished Goods appear on?

7. On which financial statement would the Cost of Goods Sold appear on?

Question 1 options: