Cost Flow Relationships The following information is available for the rst year of operations of Engle Inc., a manufacturer of fabricating equipment: Sales $862,600 Gross prot 232,900 Indirect labor 772600 Indirect materials 31,900 Other factoryr overhead 14,?00 Materials purchased 439,900 Total manufacturing costs for the period 952,300 Materials inventory, end of period 31,900 ) Using the above information, determine the following missing amounts: a. l[Zost of goods sold $E b. Direct materials cost C c. Directlabor cost C Entry for Issuing Materials Materials issued for the current month are as follows: Requisition No. Material Job No. Amount 201 Aluminum 500 $89,100 202 Plastic 503 28,180 203 Rubber 504 3,880 204 Glue Indirect 2,320 205 Steel 510 39,280 Journalize the entry to record the issuance of materials. For a compound transaction, if an amount box does not require an entry, leave it blank. Work in Process Factory Overhead Materials Feedback 7 Check My Work Increase the work in process for direct materials and factory overhead and decrease materials.) En tryl fo r Fa chars,l La 6 or Costs A summer's:r of the time tickets for the current month follows: Job No. 100 101 104 108 Indirect 111 115 11? Journalize the entry to record the factory labor costs. If an amount box does not require an entry, leave it blank. 7 v' 000 000 Amount $2,420 2,010 3,680 4,140 12,900 2,530 1,660 11,220 Entry for Factory Labor Costs The weekly time tickets indicate the following distribution of labor hours for three direct labor employees: Hours Process Job 301 Job 302 Job 303 Improvement Tom Couro 21 8 9 4 David Clancy 13 13 15 Jose Cano 11 12 12 5 The direct labor rate earned per hour by the three employees is as follows: Tom Couro $23 David Clancy 17 Jose Cano 20 The process improvement category includes training, quality improvement, housekeeping, and other indirect tasks. (Note: Ignore any overtime issues, if applicable.) a. Journalize the entry to record the factory labor costs for the week. If an amount box does not require an entry, leave it blank. Work in Process Factory Overhead Wages PayablePred eterm i n ed Fa ctorv Dverh ead Rate Spring Street Engine Shop uses a job order cost system to determine the cost of performing engine repair work. Estimated costs and expenses for the coming period are as follows: Engine parts $1,409,?00 Shop direct labor 1,029,000 Shop and repair equipment depreciation 79,?00 Shop supervisor salaries 221,600 Shop property tax 40,200 Shop supplies 30,900 Advertising expense 28,200 Administrative ofce salaries 121,200 ) Administrative ofce depreciation expense 15,500 Total costs and expenses 952375.000 The average shop direct labor rate is $21 per hour. Determine the predetermined shop overhead rate per direct labor hour. Round the answer to nearest whole cent. 1;:1 per direct labor hour Entry for Jobs Completed; Cost of Unfinished Jobs The following account appears in the ledger prior to recognizing the jobs completed in August: Work in Process Balance, August 1 $15,320 Direct materials 124,550 Direct labor 134,360 Factory overhead 70,630 Jobs finished during August are summarized as follows: Job 210 $62,070 Job 216 37,930 Job 224 72,420 Job 230 131,050 a. Journalize the entry to record the jobs completed. b. Determine the cost of the unfinished jobs at August 31