E2-18 Recording Manufacturing Costs (LO 2-3. 2-1, 2-5] Reyes Manufacturing Company uses a job orcer cok ayetem. At the beginning of January, the company had one job in process (Job 201) and one job completed but not y sold (Job 200) Job 202 we started during January. Other Select Count balances felow Conore any account that are not listed) During January, the company had the following transactions a) Purchased $68,000 worth of materials on account. b) Recorded materials sucd to production as follows: Tuta Job Number Cost 201 $11,800 21,90 Indirect materials 5,100 $98,800 Il Recorded factory payroll costs from direct labor time tickets that revealed the following: Job Number Toca Hour Coal 110 $ 2700 385 10 100 5.200 $18 200 Factory supervision Id) Applied overhead to production at a rate of $27.00 per direct labor hour for 495 actual direct labor hours. 6) Recorded the following cu manufacturing overado Total tom Cost Description Factory rert $ 2,100 Paid in cash Depreciation 3.500 Factory equipment 3.700 Incurred but not Factory utiles 190 Factory Insurance 2.000 Prepaid policy $11,300 | Completed job 201 and transferred to Finished Ecods inventory la) Sold Jub 200 for $51.900 Job 202 til in procesa al The end of January Job 202 was still in process at the end of January Required: 1. Post the preceding transactions to T-accounts. (Note: Capture the offsetting of debits and credits to other accounts such as Cash, Payables, Accumulated Depreciation, and so on in Miscellaneous Accounts.) 1/1 (a) Raw Materials Inventory 34.000 68,000 38,800 (b) 1/1 f(b) (c) (d) ) Work In Process Inventory 15,500 33,700 13,000 13,365 31/1 63,200 31/1 75,565 Cost of Goods Sold 1/1 Finished Goods Inventory 23.000 - 1/1 31/1 23,000 31/1 0 Manufacturing Overhead Sales Revenue 1/1 1 lid) (19) 1/1 (b) c) le) 31/1 01 31/1 Miscellaneous Accounts (Cash, Payables, etc.) 1/1 68,000 (a) 2. Compute the ending balance in the following accounts: a. Raw Materials Inventory b. Work in Process Inventory c. Finished Goods Inventory Cost of Goods Sold d. (unadjusted) e. Manufacturing Overhead 3. Compute the total cost of Jobs 201 and 202 at the end of January. Job Number 201 202 Total Cost of Job