During Feb. the following jobs were started and cost incurred as indicated: JOB NO RAW MATL DIR LABOR MFG OH 100 $8,000 $10,000 $15,000 101 $6,000 $9,000 $18,000 0 102 $4,000 $7.000 $10,000 103 $3,000 $5,000 $8,000 12 104 $2,000 $3,000 $6,000 13 14 is During March, additional cost were incurred to the jobs that were in Fee's WIP and new jobs were started. 16 The cost incurred to all jobs in March are indicated in the job shoot below: 17 18 JOB NO RAW MATL DER LABOR MFG OH 19 100 $2,000 $4.000 $6,000 20 101 $1,000 $3,000 $5,000 21 102 $4,000 $6,000 $10,000 103 $6,000 $8,000 $12,000 104 $3,000 $5,000 $9.000 24 105 $7,000 $10.000 $16.000 25 106 $5.000 $7.000 $12.000 26 107 $8.000 $12,000 $14.000 27 23 Jobs 100, 102, 103, and 107 were finished during March and transferred to finished goods Jobs 100 and 107 were sold for $75,000 30 Required: 31 A. Using the above information, complete the job Cost Sheet below (assume no beginning inventory 32 33 JOB NO RAW MATL DR LABOR MEG OH TOTAL FROM FEB TOTAL COST LOCATION 100 $2.000 $4.000 $6.000 35 101 $1.000 $3.000 $5.000 36 102 $4.000 $6.000 $10.000 37 103 $6.000 $8.000 $12.000 104 $3,000 $5.000 $9.000 105 $7.000 $10.000 $16.000 40 106 $5,000 $7.000 $12.000 107 $8.000 $12.000 $14.000 Use the accounts below to determine the ending intory in WP and Determine what the COGS 44 B67 fx A 3 C 32 TOTAL FROM FED TOTAL COST LOCATION 35 100 101 102 103 104 105 106 107 RAW MATE $2,000 $1,000 $4,000 $6,000 $3,000 57 000 $5,000 $8.000 DER LAROR $4.000 $3.000 $6,000 $8.000 $5,000 $10,000 $7,000 $12,000 MGON $6,000 $5,000 $10.000 $12,000 $9,000 $16,000 $12.000 $14,000 GO 41 02 43 Use the Tacounts below to determine the ending inventory in Wand IG. Determine what the COGS Work in Processert 40 7 49 SO 51 Fished Goods went S4 55 SE Coul Good Sod Sort Sheet1 + 24 = ilu Merge A B C D G A Using the above information, complete the lob Cost Sheet below (assume no beginning inventory: H Total Cost Location Job 101 102 103 104 105 Material Cost $ 1.000 $ 2,000 $ 1,200 $ 800 $ 500 Direct Labor Cost $ 5,000 $ 7,500 $ 4,000 $ 1,500 $ 3,000 Mfg. Ovehead $ 10.000 $ 12,000 $ 8,000 $ 3,000 $ 6,000 $ Use the "T" accounts below to determine the ending inventory in WIP. F. Determine what the COGS is. Work in Process Invent. 3 Finished Goods invent 9 GO 12 43 45 46 Cost of Goods Sold 48 50 51 52 53 C. Calculute the Gross Profit 55 PROB 1 Sheet3 + 24