Cost Flows in a Job Cost System

Materials

Work in Process-Assembly Dept

Work in Process- Test & Packaging Dept

Finished Goods

Beg Inventory
+ Purchases		Direct Materials
End Inventory

Job#1, Job#2

Job#3, Job#4

Beg Inventory		Cost of Units
+ Direct Materials		transferred out
+ Direct Labor
Job#1,#2,#3,#4
+ Factory Overhead
applied Job#1,#2,#3,#4
End Inventory Job#4

Job#1, Job#2

Job#3

Beg Inventory		Cost of Units
+ Cost of units		transferred out
transferred in
+ Direct Labor
Job#1,#2,#3
+ Factory Overhead
applied Job#1,#2,#3
End Inventory Job#2,#3

Job#1

Beg Inventory
+ Cost of units		Cost of Goods
transferred in		Sold
End Inventory Job#1

Factory Overhead

Actual Factory Overhead:
+ utilities expense		Factory overhead
+ depreciation of machinery		applied
+ supplies

Costs to date by job are shown.

Source: Job Cost Sheets:
	Job#1		Job#2		Job#3		Job#4
Direct materials	$	739	$	622	$	426	$	367
Direct labor		99		82		73		119
Overhead		146		146		126		158
	$	984	$	850	$	625	$	644

Use the flow chart to complete the following sentences.

The ending inventory balance in the Work in Process-Assembly Dept is $

The cost of goods transferred into the Work in Process-Test & Packaging Dept is $

The cost of goods transferred out of the Work in Process- Test & Packaging Dept is $

The ending inventory balance in the Work in Process- Test & Packaging Dept is $