Question
During the month of July, Cambridge Company worked on three jobs. Data relating to these three jobs follow: Job 60 Job 61 Job 62 Quantity
During the month of July, Cambridge Company worked on three jobs. Data relating to these three jobs follow:
| Job 60 | Job 61 | Job 62 |
Quantity | 300 | 150 | 200 |
Units sold | - | 180 | - |
Materials requisitioned | $1,460 | $1990 | $2,000 |
Direct labour hour | 200 | 220 | 400 |
Direct labour cost | $3,000 | $3,000 | $3,300 |
Overhead is assigned on the basis of direct labour hours at a rate of $6.40 per direct labour hour. During July, Jobs 60 and 61 were completed and transferred to the Finished Goods Inventory. Job 61 was sold by the end of the month. Job 62 was the only unfinished job at the end of the month.
Required:
1) Calculate the per-unit cost of Jobs 60 & 61
2) Compute the ending balance in the work-in-process inventory account.
Can you please provide me the answer with 15 minutes please it will be so helpful
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