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Here is a two part assignment, two sheets are attached. Enable Macros.

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You must enable macros in order fo Please visit the Microsoft Office Support sit Contact the World Campus Helpdesk s in order for this assignment to function. e Support site for documentation and instructions. us Helpdesk if you continue to have trouble. . Job Order Costing Rizzoli Construction Inc. is a home builder and uses a job order cost system where each house built is a job. The company applies overhead based on direct labor hours. Rizzoli has compiled he following information related to beginning inventory dollar amounts and transactions related to jobs 1 and 2: Beginning raw materials inventory Beginning work in process inventory Beginning finished goods inventory Record the following transactions in the company's t-accounts 1. Purchased raw materials on account: 2. Paid cash direct labor manufacturing wages for job 1 3. Paid cash direct labor manufacturing wages for job 2 4. Direct materials used in production:for job 1 5. Direct materials used in production:for job 2 6. Paid cash for actual factory overhead costs:for all jobs 7. Allocated factory overhead based on % of direct labor costs for job 1 8. Allocated factory overhead based on % of direct labor costs for job 2 9. Completed job 1 and transferred costs to finished goods 10. Sold house produced by job 1. The house was sold for cash. Selling price for house is: Required: 1. Open ledger accounts (t-accounts) for: raw materials inventory, factory overhead, work in process inventory, finished goods inventory, cost of goods sold, and sales. Post the beginning inventory amounts to the appropriate t-accounts. 2. Record transactions 1 through 10 in the t-accounts. 3. Calculate the dollar amount for gross profit. Hint* There are two entries for # 10. Hint* You do not have t-accounts for cash, and accounts payable, therefore debits will not equal credit for all transactions. Use the area b (*Note: Your instructor m t system where each labor hours. Rizzoli y dollar amounts and Amount $26,476 $0 $0 Raw materials inventory Entry # Debit Beg inv Credit Bal Entry # Factory overhead Debit Credit Amount $53,681 $21,575 $38,218 $29,063 $30,084 $42,274 97% 97% $155,672 Bal Requirement 3 Gross profit actory overhead, work nd sales. Post the herefore debits will not Use the area below to show your work and calculations. (*Note: Your instructor may use this area to help review and resolve any incorrect answers) Work in process inventory Entry # Debit Beg inv Credit Bal Finished goods inventory Entry # Debit Beg inv Credit Bal Entry # Cost of goods sold Debit Credit Bal Entry # Bal d calculations. e any incorrect answers) Sales Debit Credit 0.968633 You must enable macros in order fo Please visit the Microsoft Office Support sit Contact the World Campus Helpdesk s in order for this assignment to function. e Support site for documentation and instructions. us Helpdesk if you continue to have trouble. . Process Costing Cunningham's Pop produces bottled cola and uses a process cost system. Cunningham's has two processes, Mixing and Bottling. At the end of February, Cunningham's compiled the following information for the Mixing Department: Cost of beginning work in process: Direct materials $ Conversion costs Costs incurred during the period: Direct materials Conversion costs Direct labor Factory overhead 62,164 121,624 $ Unit information: Beginning work in process inventory Units started during the period Units completed and transferred out 173,474 71,350 44,407 21,359 72,999 57,650 Units completed and transferred out: Materials are added at the beginning of the process Conversion cost % complete Required: Prepare a production cost report for the Mixing Department for the month of February. (Round all calculations to two decimal places) 66% Use the ar (*Note: Your instru Cunningham's Pop Production Cost Report - Mixing Department For the month ending February 28, 2017 Costs charged to Production Cost of beginning work in process: Costs incurred during the period Total costs to account for Unit information: Units to account for: Units accounted for: Total units to account for Total units accounted for Equivalent units of production (EUP) Direct materials Conversion costs Equivalent units completed and transferred out Ending work in process inventory Equivalent units of production Cost per equivalent unit of production Direct materials Cost of beginning work in process Costs incurred during the period Total costs Equivalent units of production Cost per equivalent unit Cost assignment and reconciliation Costs of units completed and transferred out Costs of units completed this period Conversion costs Costs of ending inventory Cost of ending work in process inventory Total costs to account for Use the area below to show your work and calculations. (*Note: Your instructor may use this area to help review and resolve any incorrect answers) partment , 2017 counted for: ts accounted for calculations. ny incorrect answers) 0.659602