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I'm stuck on these fiancials WIP Inventory FG Inventory Thomas & Adam, a consulting firm, specializes in providing internal audit services for its clients. It

I'm stuck on these fiancials

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed WIP Inventory FG Inventory Thomas \& Adam, a consulting firm, specializes in providing internal audit services for its clients. It bills the clients $160 per hour for its professional services; it costs the firm $85 per hour to cover the cost of its staff. To cover its MOH costs, the partners have always applied MOH costs to clients based on total direct labor hours. At the beginning of the year, they budgeted for 8,500 direct labor hours and $161,500 of MOH costs. In the current year, the firm's professional staff worked on three key client projects: All Ways, Inc., for 3,000 hours; My Way, Inc., for 2,500 hours; and High Way, Inc., for 4,700 hours. These clients were billed for this work by the end of the year. Naturally, there were other costs incurred to run the firm, including sales and marketing costs, which added up to $130,000 this year. Actual MOH costs for the year totaled $140,000. Question 4 of 13 Beginning balance Cost of sales 0 Applied OH Beginning balance Cost of finished jobs Cost of sales Depreciation DL. DM used End balance Purchases (b) WIP Inventory FG Inventory Thomas \& Adam, a consulting firm, specializes in providing internal audit services for its clients. It bills the clients $160 per hour for its professional services; it costs the firm $85 per hour to cover the cost of its staff. To cover its MOH costs, the partners have always applied MOH costs to clients based on total direct labor hours. At the beginning of the year, they budgeted for 8,500 direct labor hours and $161,500 of MOH costs. In the current year, the firm's professional staff worked on three key client projects: All Ways, Inc., for 3,000 hours; My Way, Inc., for 2,500 hours; and High Way, Inc., for 4,700 hours. These clients were billed for this work by the end of the year. Naturally, there were other costs incurred to run the firm, including sales and marketing costs, which added up to $130,000 this year. Actual MOH costs for the year totaled $140,000. Question 4 of 13 Beginning balance Cost of sales 0 Applied OH Beginning balance Cost of finished jobs Cost of sales Depreciation DL. DM used End balance Purchases (b)

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