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E2-1(Algo) Posting Direct Materials, Direct Labor, and Applied Overhead to T-Accounts, Calculating Ending Balances LO 2-2, 2-3, 2-4) Dek Creek Furniture Factory (OCFP), a custom
E2-1(Algo) Posting Direct Materials, Direct Labor, and Applied Overhead to T-Accounts, Calculating Ending Balances LO 2-2, 2-3, 2-4) Dek Creek Furniture Factory (OCFP), a custom furniture manufacturer, uses job order costing to track the cost of each customer order. On March 1, OCFF had two jobs in process with the following costs Work in Balance Process on 3/1 Job 33 $5,8ee Job 34 3,208 $9,00 Source documents revealed the following during March Materials Labor Requisitions Time Status of Job Forms Tickets at Month-End Job 33 $ 2,800 $4,7ee Completed and sold Job 34 3, Bee 4,900 Completed, but not sold Job 35 4,400 2,1ee In process indirect 1,188 2,400 $ 12,198 $14,100 The company apples ovemeao to products at a rate of 55 percent of direct labor cost Required: 1. Compute the cost of Jobs 33, 34, and 35 at the end of the month 2. Calculate the balance in the Work in Process inventary, Finished Goods Inventory and cost of Goods sold accounts at month-end Complete this question by entering your answers in the tabs below. Required Required 1 2 Calculate the balance in the Work in Procedt Inventory, Finished Goods Inventory, and cost of Goods Sold accounts at month-end, Work in Process Inventory Finished Goods Inventory Cost of Goods Sold
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