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Grand Company Uses A xye Granite Company Uses A XYeChegg Study l Guided So X The Sony Corporation uses a job-order cost system. The following
Grand Company Uses A xye Granite Company Uses A XYeChegg Study l Guided So X The Sony Corporation uses a job-order cost system. The following data were recorded for July in manufacturing its DVD Players? 6. July 1 Added During July Work in Process Direct Direct Job Number 475 476 477 478 Inventory Materials Labor $ 1,200 300 600 $ 900 800 $1,400 $1,500 $1,800 $2,000 $2,500 $6,000 $ 900 a. Add a column next to direct labor above and calculate the amount of overhead applied to each job. Overhead is applied at the rate of 90% of direct materials cost. b. What is the total cost of each job? (Add beginning WIP, materials, labor, and overhead for each job) Job 475: Job 476: Job 477: Job 478: Jobs 475, 477, and 478 were completed during July and transferred to finished goods. Jobs 475 and 478 have been delivered to the customer c. How much was transferred from WIP to FG? (This is the Cost of Goods Manufactured) d. How much is still in work in process inventory? e. How much is in finished goods inventory? f. How much is in Cost of Goods Sold? g. Assume Job 478 had 100 units produced. What was the cost per unit for these DVD Players? t 5 13
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