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In the first week of March, Epperson Dress Designs (EDD) begins work on 3 custom designed wedding dresses. EDD uses a job order costing system.
In the first week of March, Epperson Dress Designs (EDD) begins work on 3 custom designed wedding dresses. EDD uses a job order costing system. It applies overhead to each job (dress) at a rate of 50% of direct materials costs. During March, the 3 custom designed wedding dress jobs used direct materials as shown below. Direct Mat. Used Job 1 Job 2 Job 3 $5,700 $7,780 $2,200 During March, the jobs used direct labor as shown below. Jobs 1 and 3 were not finished by the end of March Job 2 is finished but is yet not sold by the end of March Direct Labor Used Job 1 Job 2 Job 3 $9,400 $4,600 $3,600 1. For EDD. please compute the amounts of direct materials, direct labor, and factory overhead applied for each of the 3 custom designed wedding dresses that would be reported on job cost sheets for March JOB COST SHEET Job 1 Job 2 Job 3 Direct materials Direct labor Factory overhead Total 2 For EDD, please compute the total dollar amount of Work in Process Inventory at the end of March Ending work in process inventory Direct Labor Used Job 1 Job 2 Job 3 $9,400 $4,600 $3,600 1. For EDD. please compute the amounts of direct materials, direct labor, and factory overhead applied for each of the 3 custom designed wedding dresses that would be reported on job cost sheets for March JOB COST SHEET Job 1 Job 2 Job 3 Direct materials Direct labor Factory overhead Total 2 For EDD. please compute the total dollar amount of Work in Process Inventory at the end of March. Ending work in process inventory 3. For EDD. please compute the total dollar amount of Finished Goods Inventory at the end of March. Assume the company has no beginning Work in Process or Finished Goods inventories. Finished goods inventory
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