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create a job set Job 24 Beginning Balances: Cash Raw Materials Inventory Work-in-Process Inventory Finished Goods 50,000.00 24,000.00 Direct Materials 79,700.00 Direct Labor 17,500.00 Manufacturing

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Job 24 Beginning Balances: Cash Raw Materials Inventory Work-in-Process Inventory Finished Goods 50,000.00 24,000.00 Direct Materials 79,700.00 Direct Labor 17,500.00 Manufacturing Overhead Finished Goods Job 27 10,250.00 9,000.00 2,700.00 Job 33 35,000.00 17,500.00 5,250.00 17,500.00 1. Direct Materials are transferred from Raw Materials to the following: Job 27 2,000.00 Job 33 3,200.00 Job 34 4,600.00 (check figure: ending T-Acct balances - finished goods = 29,623.25: WIP = 26,470.79) Job 35 2,000.00 2. Payroll is paid: Job 27 3,000.00 Job 33 4,500.00 Job 34 5,900.00 Job 35 1,600.00 Indirect 4,200.00 3 6 3 Job 24 is sold for cash for $24,500.00 4. Property taxes of $750.00 is paid 5 Truck and delivery costs of $670.00 are paid Advertising costs of $1,200.00 are paid 7 Administrative costs of $975.00 are paid 8 Raw Materials of $6,700.00 are purchased with cash 9. Direct Materials are transferred from Raw Materials to the following: Job 34 7.200 00 Job 35 3,500.00 Indirect 1.450.00 10. Manufacturing overhead is a located to Work in Process using total direct labor costs as the cost driver 11. Jobs 27 and 33 are transferred to Finished Goods 12. Job 33 is sold for cash for $90,000.00 Chap 1 Job 24 Beginning Balances: Cash Raw Materials Inventory Work-in-Process Inventory Finished Goods 50,000.00 24,000.00 Direct Materials 79,700.00 Direct Labor 17,500.00 Manufacturing Overhead Finished Goods Job 27 10,250.00 9,000.00 2,700.00 Job 33 35,000.00 17,500.00 5,250.00 17,500.00 1. Direct Materials are transferred from Raw Materials to the following: Job 27 2,000.00 Job 33 3,200.00 Job 34 4,600.00 (check figure: ending T-Acct balances - finished goods = 29,623.25: WIP = 26,470.79) Job 35 2,000.00 2. Payroll is paid: Job 27 3,000.00 Job 33 4,500.00 Job 34 5,900.00 Job 35 1,600.00 Indirect 4,200.00 3 6 3 Job 24 is sold for cash for $24,500.00 4. Property taxes of $750.00 is paid 5 Truck and delivery costs of $670.00 are paid Advertising costs of $1,200.00 are paid 7 Administrative costs of $975.00 are paid 8 Raw Materials of $6,700.00 are purchased with cash 9. Direct Materials are transferred from Raw Materials to the following: Job 34 7.200 00 Job 35 3,500.00 Indirect 1.450.00 10. Manufacturing overhead is a located to Work in Process using total direct labor costs as the cost driver 11. Jobs 27 and 33 are transferred to Finished Goods 12. Job 33 is sold for cash for $90,000.00 Chap 1

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