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ime Left:0:36:13 Fatimata Ndiaye: Attempt Question 33 11 point) Problem 3: 14 points_Ford Company uses a job-order costing system. Duri September, the following transactions occurred: a. Purchased materials on account for $35,000. b. Requisitioned materials totaling $31,000 for use in production. Of the to Job 118, $9400 was for Job 119 and the remainder for Job 120. c. Incurred direct labor of $12,000, with an average wage of $12 per hour hours; Job 119 500 hours and Job 120 used 100 hours. d. Incurred and paid actual overhead of $2100. 2. Charged overhead to production at the rate of $2.25 per direct labor b Completed and transferred Jobs 118 and 119 to Finished Goods. Sold Job 117 (see beginning balance of Finished Goods) and Job 11 n account for a price of cost plus 30%. eginning balances as of Sentember 1 were: Cord Company uses a job-order costing system. During the month of ransactions occurred: ccount for $35,000. taling $31,000 for use in production. Of the total, $10,000 was for 19 and the remainder for Job 120. ,000, with an average wage of $12 per hour. Job 118 used 400 Job 120 used 100 hours. rhead of $2100. ion at the rate of $2.25 per direct labor hour. os 118 and 119 to Finished Goods. alance of Finished Goods) and Job 118 to their respective clients 30%. er 1 were: labor of $12,000, with an Durs; Job 119 500 hours and Job 120 used - Incurred and paid actual overhead of $210 . Charged overhead to production at the rate Completed and transferred Jobs 118 and 1 Sold Job 117 (see beginning balance of Fir on account for a price of cost plus 30%. Beginning balances as of September 1 were: Materials $1200 Work in Process 0 Finished Goods (Job 117) 24,400 4. Which job or jobs is includedlin the cost of goods sold? A/ Question 33 (1 point) Page 33 of 37 Problem 3: 14 points_Ford Company uses a job-order costing system. During September, the following transactions occurred: a. Purchased materials on account for $35,000. b. Requisitioned materials totaling $31,000 for use in production. Of the total, Job 118, $9400 was for Job 119 and the remainder for Job 120. c. Incurred direct labor of $12,000, with an average wage of $12 per hour. Job hours; Job 119 500 hours and Job 120 used 100 hours. d. Incurred and paid actual overhead of $2100. e. Charged overhead to production at the rate of $2.25 per direct labor hour. f. Completed and transferred Jobs 118 and 119 to Finished Goods. g. Sold Job 117 (see beginning balance of Finished Goods) and Job 118 to th on account for a nrice of cost nlus 30% hp Page 33 of 37 Ford Company uses a job-order costing system. During the month of wing transactions occurred: Is on account for $35,000. erials totaling $31,000 for use in production. Of the total, $10,000 was for Cor Job 119 and the remainder for Job 120. or of $12,000, with an average wage of $12 per hour. Job 118 used 400 purs and Job 120 used 100 hours. ctual overhead of $2100. production at the rate of $2.25 per direct labor hour. sferred Jobs 118 and 119 to Finished Goods. eginning balance of Finished Goods) and Job 118 to their respective client of cost nlus 30% Waling $31,000 for use in produc Job 118, $9400 was for Job 119 and the remainder for Job 1 c. Incurred direct labor of $12,000, with an average wage of hours; Job 119 500 hours and Job 120 used 100 hours. d. Incurred and paid actual overhead of $2100. e. Charged overhead to production at the rate of $2.25 per d f. Completed and transferred Jobs 118 and 119 to Finished g. Sold Job 117 (see beginning balance of Finished Goods) on account for a price of cost plus 30%. Beginning balances as of September 1 were: Materials $1200 Work in Process 0 Finished Goods (Job 117) 24,400 14. Which job or jobs is included in the cost of goods sold