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For the next ten que stions, use the following information. The Zeus Manufacturing Company uses a job order costing system and normal January 2017. Total
For the next ten que stions, use the following information. The Zeus Manufacturing Company uses a job order costing system and normal January 2017. Total production cost for Job A14 was $35,000. Job A14 was end of 2017. During 2017, the total production cost (DM +DL+OH) costing. It started operations in completed, but not sold as of the charged to B14 was $24,000. Job B14 end of 2017. The ending balance for Materials Inventory for 2017 was $6,000. At 1.7, all underapplied or overapplied overhead was closed totally to Cost of Goods Sold. 8 2018, Zeus started three new jobs: A15, 815 and C15. During 2018, the company charged overhead to the product based on Direct Labor Cost. Estimated overhead for 2018 was $60,00 and estimated Direct Labor Cost for 2018 was $48,000. Direct Materials and Direct Labor Costs charged to jobs were follows: Job A15 Job B14 Job B15 Job C15 Direct Materials Direct Labor $10,000 $15,000 $20,000 $ 6,000 $12,000 $16,000 8,000 4,000 Direct Material purchased during 2018 cost $55,000. Actual overhead incurred during the time period was All jobs that had been worked on during 2018 were completed at the end of the year except Job $4 7,000. C15. Only Job A15 was still in Finished Goods Inventory as of the end of 2018. To answer the ten questions below, be sure to consider the information, as relevant, from to charge overhead to jobs, where relevant, as well. 2017. (Don't forget Compute the Cost of Goods Manufactured for 2018. a. $126,000 b. $141,000 c. $150,000 d. $165,000 Compute Ending Work in Process for 2018. a. $6,000 b. $9,000 c. $10,000 d. $15,000 Compute Ending Finished Goods Inventory for 2018. 33. a.$35,000 b. $36,000 c. $50,000 d. $51,000
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