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Current Attempt in Progress Wildhorse Ltd. is in the business of manufacturing cabinets, computer stands, and countertops. Most of its jobs are contracts for
Current Attempt in Progress Wildhorse Ltd. is in the business of manufacturing cabinets, computer stands, and countertops. Most of its jobs are contracts for home builders. The following information is available for the month of July: Costs Incurred to July 1 Added in July Job Number Direct Direct Direct Direct Materials Labour Materials Labour 101 $9,990 $2,220 $0 $1,110 103 2,775 1,665 ? ? 111 666 120 555 3,330 Status at July 31 Completed but not sold Not completed Completed but not sold 115 888 215 Not completed Activity in accounts: Opening Account Direct Materials Balance July 1 $3,330 Purchased in July $6,660 Direct Labour Issued/Used in July $5,439 8,880 Ending Balance July 31 $? On July 1, finished goods inventory consisted of one job, 105, with a total cost of $19,980. This job was sold during July. (Note: Manufacturing overhead is applied at 120% of the direct labour cost.) (a) Your answer is incorrect. Calculate the costs of completed jobs 101 and 111 as at July 31. Job 101 Job 111 Completed job costs $ 13320 $ eTextbook and Media Save for Later Last saved 1 hour ago. Attempts: 1 of 2 used Submit Answer
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