Coronado, Inc. manufactures ergonomically designed computer furniture. Coronado uses a job order costing system. On November 30, the Work in Process Inventory consisted of the following jobs: Job No. Units Accumulated Cost CC723 Computer caddy 23,000 $960,000 CH291 Chair 18,000 440,000 P5812 Printer stand 27,000 299,000 $1,699,000 On November 30, Coronado's Raw Materials Inventory account totaled $696,000, and its Finished Goods Inventory totaled $3,496,400. Coronado applies manufacturing overhead on the basis of machine hours. The company's manufacturing overhead budget for the year totaled $4,650,000, and the company planned to use 930,000 machine hours during the year. Through the first eleven months of the year, the company used a total of 880,000 machine hours, total manufacturing overhead amounted to $4,274,500, and Cost of Goods Sold was $8,770,250. For the pursposes of this problem, ignore year-end disposition of over / under applied overhead. Coronado purchased $638,000 in raw materials in December and incurred the following costs for jobs in process that month: Job No. CC723 CH291 P5812 DS444 Materials Issued $176,000 $16,400 $249,000 $257,000 Machine Hours 18,000 4,800 20,900 18,000 Direct Labor Hours 14,400 3,600 16,300 19,700 Direct Labor Cost $123,400 $47,200 $204,500 $144,000 The following jobs were completed in December and transferred to the Finished Goods Inventory: Job No. CC723 CH291 D5444 Item Computer caddy Chair Desk Units 23,000 18,000 8,000 (a) Calculate the total cost of each of the four jobs worked on in December. CC723 CH291 PS812 DS444 1342200 525680 848640 483000 Total Cost $4 (b) Calculate the total manufacturing cost for December. 1500520 Total manufacturing cost $U CH291 DS444 Chair Desk 18,000 8,000 (a) Calculate the total cost of each of the four jobs worked on in December. CC723 CH291 PS812 DS444 13422001 848640 525680 Total Cost 483000 (b) Calculate the total manufacturing cost for December. T 1500520 Total manufacturing cost (c) Calculate the cost of goods manufactured for December. Cost of goods manufactured (d) Calculate the balance in the Work in Process Inventory account on December 31. Balance in work in process sl (e) Assume that Coronado sold 15,000 computer caddies, 12,000 chairs, and 4,500 desks in December. Calculate Cost of Goods Sold for the month of December and the ending Finished Goods Inventory balance on December 31. (For computation purpose round per unit rates to 2 decimal places, e.g. 3.54. Round final answers to O decmial places, e.g. 45,000.) Cost of goods sold Finished goods inventory L Coronado, Inc. manufactures ergonomically designed computer furniture. Coronado uses a job order costing system. On November 30, the Work in Process Inventory consisted of the following jobs: Job No. Units Accumulated Cost CC723 Computer caddy 23,000 $960,000 CH291 Chair 18,000 440,000 P5812 Printer stand 27,000 299,000 $1,699,000 On November 30, Coronado's Raw Materials Inventory account totaled $696,000, and its Finished Goods Inventory totaled $3,496,400. Coronado applies manufacturing overhead on the basis of machine hours. The company's manufacturing overhead budget for the year totaled $4,650,000, and the company planned to use 930,000 machine hours during the year. Through the first eleven months of the year, the company used a total of 880,000 machine hours, total manufacturing overhead amounted to $4,274,500, and Cost of Goods Sold was $8,770,250. For the pursposes of this problem, ignore year-end disposition of over / under applied overhead. Coronado purchased $638,000 in raw materials in December and incurred the following costs for jobs in process that month: Job No. CC723 CH291 P5812 DS444 Materials Issued $176,000 $16,400 $249,000 $257,000 Machine Hours 18,000 4,800 20,900 18,000 Direct Labor Hours 14,400 3,600 16,300 19,700 Direct Labor Cost $123,400 $47,200 $204,500 $144,000 The following jobs were completed in December and transferred to the Finished Goods Inventory: Job No. CC723 CH291 D5444 Item Computer caddy Chair Desk Units 23,000 18,000 8,000 (a) Calculate the total cost of each of the four jobs worked on in December. CC723 CH291 PS812 DS444 1342200 525680 848640 483000 Total Cost $4 (b) Calculate the total manufacturing cost for December. 1500520 Total manufacturing cost $U CH291 DS444 Chair Desk 18,000 8,000 (a) Calculate the total cost of each of the four jobs worked on in December. CC723 CH291 PS812 DS444 13422001 848640 525680 Total Cost 483000 (b) Calculate the total manufacturing cost for December. T 1500520 Total manufacturing cost (c) Calculate the cost of goods manufactured for December. Cost of goods manufactured (d) Calculate the balance in the Work in Process Inventory account on December 31. Balance in work in process sl (e) Assume that Coronado sold 15,000 computer caddies, 12,000 chairs, and 4,500 desks in December. Calculate Cost of Goods Sold for the month of December and the ending Finished Goods Inventory balance on December 31. (For computation purpose round per unit rates to 2 decimal places, e.g. 3.54. Round final answers to O decmial places, e.g. 45,000.) Cost of goods sold Finished goods inventory L