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Helpful when it's in excel and laid out On September 1, two jobs were in process at Petes Patios. Details of the jobs follow: Check
Helpful when it's in excel and laid out
On September 1, two jobs were in process at Petes Patios. Details of the jobs follow:
Check my work 7 On September 1, two jobs were in process at Pete's Patios. Details of the jobs follow: 10 points Job Number PP-24 PP-30 Direct Materials $1,120 645 Direct Labor $ 432 1,620 eBook Materials Inventory on September 1 totaled $5,430, and $678 worth of materials was purchased during the month. Indirect materials of $99 were withdrawn from materials inventory. On September 1, finished goods inventory consisted of two jobs, PP-12, costing $2,324, and PP-14, with a cost of $908. Costs for both jobs were transferred to Cost of Services Billed during the month. Print Also during September, Jobs PP-24 and PP-30 were completed. Completing Job PP-24 required an additional $1,340 in direct labor. The completion costs for Job PP-30 included $672 in direct materials and $4,100 in direct labor. G References Pete's Patios used a total of $1,832 of direct materials (excluding the $99 indirect materials) during the period, and total direct labor costs during the month amounted to $8,070. Overhead has been estimated at 50 percent of direct labor costs, and this relation has been the same for the past few years. Required: Compute the costs to Jobs PP-24 and PP-30 and the balances in the September 30 inventory accounts. $ Cost to complete PP-24 Cost to complete PP-30 Balance of Materials Inventory as of September 30 Balance of Work-in-Process as of September 30 Balance of Finished Goods Inventory as of September 30 $ $ 2,010 6,822 4.177Step by Step Solution
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