eBook Print Item Update Apple ID Settings Some account services will not be available until you sign in again Analyzing Manufacturing Cost Accounts Clapton Company manufactures custom guitars in a wide variety of styles. The following incomplete ledger accounts refer to transactions that are summarized for May May 1 31 Materials 33,800 May 31 135,700 Balance Purchases Requisitions (a) Completed jobs (0 May 1 31 Balance Materials Direct labor Work in Process (b) 31 (c) (0) (el 31 31 Factory overnidad applied (9) Finished Goods May 31 ol Cost of goods sold May 1 31 Balance Completed Jobs Wages Payable May 31 117,500 Wages incurred (e) Factory Overhead 22,100/May 31 Factory overhead applied Next Previous Balance May 1 Save and Argreat far Garry Emrutar Check My Work 3 more Check My Work uses remaining May 1 31 Factory overhead applied (e) Balance Indirect labor Indirect materials Other overhead Factory Overhead 22,100 May 31 (h) 18,000 70,700 31 31 In addition, the following information is available: a. Materials and direct labor were applied to the following jobs in May: Job No. Style Quantity 200 101 AF1 Direct Materials $23,900 40,600 Direct Labor $15,000 26,000 102 AF3 400 103 AF2 I 180 7,000 12,900 40,320 104 VY1 280 28,000 VY2 105 160 20,640 15,000 106 AF4 100 6,000 3,000 $94,000 $144,360 Total 1,320 b. Factory overhead is applied to each job at a rate of 140% of direct labor cost. c. The May 1 Work in Process balance consisted of two jobs, as follows: Work in Process, May 1 Job No. Style 101 AF1 $5,900 AF3 16,200 102 $22,100 Total maining eBook Print Item Some account services will not be available until you sign in again Job No. Style Completed in May Units Sold in May 101 AF1 160 320 102 AF3 103 AF2 0 104 VY1 235 105 VY2 133 106 AF4 0 Required: 1. Determine the missing amounts associated with each letter and complete the following table. If required, round amounts to the nearest dollar. If an answer is zero, enter in "o". Enter all arounts as positive numbers. May 1 Work in Process Direct Materials Direct Labor Factory Overhead Total Cost Unit Cost Units Sold Job No. Quantity No. 101 $5,900 $ 23,900 $ 15,000 26,000 No. 102 16,200 7,000 No. 103 28.000 No. 104 40,600 12,900 40,320 20,640 6,000 $144,360 15,000 No. 105 3,000 No. 106 $94.000 $22,100 Total Previous Next > Check My Work more Check My Work uses remaining El Cor Save and Sumigment for Grading No. 105 40,320 28,000 20,640 No. 106 15,000 6,000 Total 3,000 $22,100 $144,360 $94,000 a. Materials Requisitions b. Work in Process Beginning Balance c. Direct Materials d. Direct Labor e. Factory overhead applied f. Completed jobs g. Cost of goods sold h. Indirect labor 2. Determine the May 31 balances for each of the inventory accounts and factory overhead. Use the minus sign to indicate any credit balances Materials Work in Process Finished Goods Factory Overhead Previous Next Check My Work 3 more Check My Work uses remaining Emal instructor Save and Submit Angren for de
