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i just need help with this question on my accounting homework ACC202 K Chapter 02 Oak Creek Furniture Factory (OCFF), a custom furniture manufacturer, uses
i just need help with this question on my accounting homework
ACC202 K Chapter 02 Oak Creek Furniture Factory (OCFF), a custom furniture manufacturer, uses job order costing to track the cost of each customer order On March 1, OCFF had two jobs in process with the following costs: points Work in Process Job 33 Job 34 $ on 3/1 4,900 4.400 9,300 $ Source documents revealed the following during March: Materials Requisitions Labor Time Forms Tickets Status of Job at Month-End Job 33 $2,889 $ 5,500 Completed and sold Job 34 3,109 3,700 Completed, but not sold Job 35 3,780 In process Indirect 1,300 1.200 $11,200 $ 14,100 References 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 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 Compute the cost of Jobs 33, 34, and 35 at the end of the month. Total Manufacturing Cost lab 33 Required 2 > 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 Step by Step Solution
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