Cremer's Corporation builds internal conveyor equipment to client specifications.

At the beginning of the month on November 1, Work In Process Inventory and Finished Goods Inventory had the following balances:

WIP $58,145 (for Job 150)

Finished Goods $92,200

During the month of November, Jobs 151 and 152 were started.

Direct Materials and Direct Labor added to jobs during November were as follows:

Job 150 Job 151 Job 152

Direct Materials $34,560 $43,400 $9,500

Direct Labor 12,350 16,830 3,270

Overhead is applied to production at the rate of 80% of direct labor dollars.

At the end of the month, Jobs 150 and 151 were completed. Job 150 is the only job sold during the month.

Instructions:

1. Prepare a brief job-order cost sheet for each of the three jobs. Round all amounts to the nearest whole dollar. (For each job, youll need to start with the beginning balance, add the costs for the month including the amount of applied overhead, and come up with the total costs for each job as of the end of November, prior to any disposition.)

2. Calculate the ending balance of Work-In-Process Inventory as of November 30.

3. Calculate the ending balance of Finished Goods Inventory as of November 30.

4. Calculate the Cost of Goods Sold for November.