During March, Aragon Company worked on three jobs Data relating to these three jobs follow Job 78 Job 79 Job 80 Units in each order 290 210 330 Units sold 210 Materials requisitioned $2,146 $1,176 $3,795 Direct labor hours 319 231 561 Direct labor cost $3,828 $3,465 $4,937 Overhead is assigned on the basis of direct labor hours at a rate of $9 60 per direct labor hour During March, Jobs 78 and 79 were completed and transferred to Finished Goods Inventory Job 79 was sold by the end of the month Job 80 was the only unfinished job at the end of the month Required 1 Calculate the per unit cost of Jobs 78 and 79 Round your answers to the nearest cent Job 78 $fill in the blank 0f624ef9bfb5f98 1 per unit Job 79 $fill in the blank 0f624ef9bfb5f98 2 per unit 2 Compute the ending balance in the work in process inventory account Round your answer to the nearest cent $fill in the blank 0f624ef9bfb5f98 3 3 Prepare the journal entries reflecting the completion of Jobs 78 and 79 and the sale of Job 79 The selling price is 140 percent of cost Round your answers to the nearest cent Completion of Jobs 78 79 fill in the blank 3b18a401706b04b 2 fill in the blank 3b18a401706b04b 4 Sale of Job 79 (cost) fill in the blank 3b18a401706b04b 6 fill in the blank 3b18a401706b04b 8 Sale of Job 79 (sale) fill in the blank 3b18a401706b04b 10 fill in the blank 3b18a401706b04b 12 During March, Aragon Company worked on three jobs Data relating to these three jobs follow Job 78 Job 79 Job 80 290 210 330 210 Units in each order Units sold Materials requisitioned Direct labor hours $3,795 $2,146 319 $1,176 231 561 Direct labor cost $3,828 $3,465 $4,937 Overhead is assigned on the basis of direct labor hours at a rate of $9 60 per direct labor hour During March, Jobs 78 and 79 were completed and transferred to Finished Goods Inventory Job 79 was sold by the end of the month Job 80 was the only unfinished job at the end of the month Required 1 Calculate the per unit cost of Jobs 78 and 79 Round your answers to the nearest cent Job 78 per unit Job 79 per unit 2 Compute the ending balance in the work in process inventory account Round your answer to the nearest cent 3 Prepare the journal entries reflecting the completion of Jobs 78 and 79 and the sale of Job 79 The selling price is 140 percent of cost Round your answers to the nearest cent Completion of Jobs 78 79 Sale of Job 79 (cost) Sale of Job 79 (sale)

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During March, Aragon Company worked on three jobs. Data relating to these three jobs follow: Job 78 Job 79 Job 80 Units in each order

During March, Aragon Company worked on three jobs. Data relating to these three jobs follow:

	Job 78	Job 79	Job 80
Units in each order	290	210	330
Units sold		210
Materials requisitioned	$2,146	$1,176	$3,795
Direct labor hours	319	231	561
Direct labor cost	$3,828	$3,465	$4,937

Overhead is assigned on the basis of direct labor hours at a rate of $9.60 per direct labor hour. During March, Jobs 78 and 79 were completed and transferred to Finished Goods Inventory. Job 79 was sold by the end of the month. Job 80 was the only unfinished job at the end of the month.

Required:

1. Calculate the per-unit cost of Jobs 78 and 79. Round your answers to the nearest cent.

Job 78	$fill in the blank 0f624ef9bfb5f98_1 per unit
Job 79	$fill in the blank 0f624ef9bfb5f98_2 per unit

2. Compute the ending balance in the work-in-process inventory account. Round your answer to the nearest cent.

$fill in the blank 0f624ef9bfb5f98_3

3. Prepare the journal entries reflecting the completion of Jobs 78 and 79 and the sale of Job 79. The selling price is 140 percent of cost. Round your answers to the nearest cent.

Completion of Jobs 78 & 79	fill in the blank 3b18a401706b04b_2
		fill in the blank 3b18a401706b04b_4
Sale of Job 79 (cost)	fill in the blank 3b18a401706b04b_6
		fill in the blank 3b18a401706b04b_8
Sale of Job 79 (sale)	fill in the blank 3b18a401706b04b_10
		fill in the blank 3b18a401706b04b_12

image text in transcribed

During March, Aragon Company worked on three jobs. Data relating to these three jobs follow: Job 78 Job 79 Job 80 290 210 330 210 Units in each order Units sold Materials requisitioned Direct labor hours $3,795 $2,146 319 $1,176 231 561 Direct labor cost $3,828 $3,465 $4,937 Overhead is assigned on the basis of direct labor hours at a rate of $9.60 per direct labor hour. During March, Jobs 78 and 79 were completed and transferred to Finished Goods Inventory. Job 79 was sold by the end of the month. Job 80 was the only unfinished job at the end of the month. Required: 1. Calculate the per-unit cost of Jobs 78 and 79. Round your answers to the nearest cent. Job 78 per unit Job 79 per unit 2. Compute the ending balance in the work-in-process inventory account. Round your answer to the nearest cent. 3. Prepare the journal entries reflecting the completion of Jobs 78 and 79 and the sale of Job 79. The selling price is 140 percent of cost. Round your answers to the nearest cent. Completion of Jobs 78 & 79 Sale of Job 79 (cost) Sale of Job 79 (sale)