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Forms Tickets Job 33 Job 34 $ 2,600 $ 5,200 Materials Requisitions Labor Time Status of Job at Month-End Completed and sold 3,000 4,300
Forms Tickets Job 33 Job 34 $ 2,600 $ 5,200 Materials Requisitions Labor Time Status of Job at Month-End Completed and sold 3,000 4,300 Completed, but not sold Job 35 Indirect 3,400 2,000 In process 1,000 1,300 $10,000 $ 12,800 The company applies overhead to products at a rate of 50 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 Inventory, Finished Goods Inventory, and Cost of Goods Sold accounts at mon Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the balance in the Work in Process Inventory, Finished Goods Inventory, and Cost of Goods Sold accounts at month- end. Work in Process Inventory Finished Goods Inventory Cost of Goods Sold $ 28,800 Oak Creek Furniture Factory (OCFF), a custom furniture manufacturer, uses job order costing to track the cost of each customer ord On March 1, OCFF had two jobs in process with the following costs: Balance on 3/1 Work in Process Job 33 $ 5,300 Job 34 3,400 $ 8,700 Source documents revealed the following during March Materials Requisitions Forms Labor Time: Tickets Job 33 $ 2,600 $ 5,200 Status of Job at Month-End Completed and sold Job 34 3,000 4,300 Completed, but not sold Job 351 3,400 2,000 In process Indirect 1,000 1,300 $10,000 $ 12,800 The company applies overhead to products at a rate of 50 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 Inventory, Finished Goods Inventory, and Cost of Goods Sold accounts at month-end Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the balance in the Work in Process Inventory, Finished Goods Inventory, and Cost of Goods Sold accounts at month- end. Work in Process Inventory Finished Goods Inventory Cost of Goods Sold $ 28,800 Required 1 Required ?>
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