eBook Calculator Job Cost Flows, Journal Entries On April 1, Sangvikar Company had the following balances in its inventory accounts: Materials Inventory $12,730 21,340 Work-in-Process Inventory Finished Goods Inventory 8,700 Work-in-process inventory is made up of three jobs with the following costs: Job 114 Job 115 Job 116 Direct materials $2,411 $2,640 $3,650 Direct labor 1,800 1,560 4,300 Applied overhead 1,170 1,014 2,795 During April, Sangvikar experienced the transactions listed below. a. Materials purchased on account, $29,000. b. Materials requisitioned: Job 114, $16,500; Job 115, $12,200; and Job 116, $5,000. c. Job tickets were collected and summarized: Job 114, 150 hours at $12 per hour; Job 115, 220 hours at $14 per hour; and Job 116 d. Overhead is applied on the basis of direct labor cost. e. Actual overhead was $4,415. f. Job 115 was completed and transferred to the finished goods warehouse 9. (1) Job 115 was shipped, and (2) the customer was billed for 125 percent of the cost. Required: Removi important Re 1. Prepare journal entries for the April transactions. Scan Repe Tap to rew Google Chro Check My Work All work saved eBook Calculator During April, Sangvikar experienced the transactions listed below. a. Materials purchased on account, $29,000. b. Materials requisitioned: Job 114, 516,500; Job 115, $12,200; and Job 116, $5,000. c. Job tickets were collected and summarized: Job 114, 150 hours at $12 per hour; Job 115, 220 hours at $14 per hour; and Job 116, 80 hours at $18 per hour. d. Overhead is applied on the basis of direct labor cost. e. Actual overhead was $4,415. f. Job 115 was completed and transferred to the finished goods warehouse. 9. (1) Job 115 was shipped, and (2) the customer was billed for 125 percent of the cost Required: 1. Prepare journal entries for the April transactions, a Removing useless files is important Please click here to pro d. Remove Scan Report Ready Tap to reveal Google Chrome fare Check My Work All work saved Close O du ENG 9/28/20 Tomy take Assignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator Binprogress=false eBook Calculator - > 9 (2) 2. Calculate the ending balances of each of the inventory accounts as of April 30. Post the entries to the T-accounts in the same order in which they were journaled Materials X Removing useless files important Please chce Work in Process Remove Scan Report Ready Tap to reveal Check My Work Close All work saved O eBook Calculator Job Cost Flows, Journal Entries On April 1, Sangvikar Company had the following balances in its inventory accounts: Materials Inventory $12,730 21,340 Work-in-Process Inventory Finished Goods Inventory 8,700 Work-in-process inventory is made up of three jobs with the following costs: Job 114 Job 115 Job 116 Direct materials $2,411 $2,640 $3,650 Direct labor 1,800 1,560 4,300 Applied overhead 1,170 1,014 2,795 During April, Sangvikar experienced the transactions listed below. a. Materials purchased on account, $29,000. b. Materials requisitioned: Job 114, $16,500; Job 115, $12,200; and Job 116, $5,000. c. Job tickets were collected and summarized: Job 114, 150 hours at $12 per hour; Job 115, 220 hours at $14 per hour; and Job 116 d. Overhead is applied on the basis of direct labor cost. e. Actual overhead was $4,415. f. Job 115 was completed and transferred to the finished goods warehouse 9. (1) Job 115 was shipped, and (2) the customer was billed for 125 percent of the cost. Required: Removi important Re 1. Prepare journal entries for the April transactions. Scan Repe Tap to rew Google Chro Check My Work All work saved eBook Calculator During April, Sangvikar experienced the transactions listed below. a. Materials purchased on account, $29,000. b. Materials requisitioned: Job 114, 516,500; Job 115, $12,200; and Job 116, $5,000. c. Job tickets were collected and summarized: Job 114, 150 hours at $12 per hour; Job 115, 220 hours at $14 per hour; and Job 116, 80 hours at $18 per hour. d. Overhead is applied on the basis of direct labor cost. e. Actual overhead was $4,415. f. Job 115 was completed and transferred to the finished goods warehouse. 9. (1) Job 115 was shipped, and (2) the customer was billed for 125 percent of the cost Required: 1. Prepare journal entries for the April transactions, a Removing useless files is important Please click here to pro d. Remove Scan Report Ready Tap to reveal Google Chrome fare Check My Work All work saved Close O du ENG 9/28/20 Tomy take Assignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator Binprogress=false eBook Calculator - > 9 (2) 2. Calculate the ending balances of each of the inventory accounts as of April 30. Post the entries to the T-accounts in the same order in which they were journaled Materials X Removing useless files important Please chce Work in Process Remove Scan Report Ready Tap to reveal Check My Work Close All work saved O