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i need the solution for the 5 questions PART 4 (25 minutes, 10 marks) On July 1. Jordan's Stamping Company had three jobs in process
i need the solution for the 5 questions
PART 4 (25 minutes, 10 marks) On July 1. Jordan's Stamping Company had three jobs in process Job No. Direct Materials Direct Labor 17-102 $ 9,000 17-104 2,500 18 - 209 (31 $ 2.000 1,500 600 100 On July 1. Finished Goods Inventory consisted of one job, 17-103, with a cost of $18,000. This job beginning Materials During the month, jobs 17-102 and 15-20 Diet completed, but were not sold. Job 17-102 required no additional materials but required $1,000 in additional labot. Job 18-209 required 5500 in materials and $3,000 in labor to complete. Also, during the month, a new job, 18-99, was started By the end of the month, it had required $800 in materials, and $200 in labor. Work was also done During the month, $5,000 in materials had been issued by the storeroom; $100 was for supplies Sindirect), with the remaining $4,900 for use in the jobs. $6,000 in materials was purchased during the month. Direct labor costs for the month were $8,000. Manufacturing overhead has been applied at the rate of 120% of direct labor costs. Required: Determine the following (Show all calculations): 1. Cost of job 17-102 13400 2. Cost of job 18-209 +2 7920 3. Cost of Ending Materials 2 500 4. Cost of Ending Work in Process + 1240 5. Cost of Ending Finished Goods 29320
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