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Following are simplified job cost sheets for three custom jobs at the end of June for Custom Patios. Job Number 102 Materials $ 34,000
Following are simplified job cost sheets for three custom jobs at the end of June for Custom Patios. Job Number 102 Materials $ 34,000 Labor Overhead 13,000 4,030 Job Number 103 Materials Labor Overhead $ 55,000 25,600 7,936 Job Number 104 Materials Labor Overhead $ 53,000 45,000 13,950 All jobs were started in June. Overhead is applied with a predetermined-rate based on direct labor cost. Jobs 102 and 103 were finished in June, and Job 104 will be finished in July. 1. What was the total cost of direct materials requisitioned in June? 2. How much total direct labor cost was incurred in June? 3. How much total cost is transferred to Finished Goods Inventory in June? Complete this question by entering your answers in the tabs below. Req 1 and 2 Req 3 How much total cost is transferred to Finished Goods Inventory in June? Job 102 103 104 Direct Materials Direct Labor $ 34,000 $ 13,000 55,000 25,600 53,000 45,000 Applied Overhead Total Cost Cost Transferred to Finished Goods
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