Jenkins Company applies overhead costs to products at a rate of 50% of direct labor costs.

April 1 April 30

Direct Materials Inventory 60,250 62,750

Work in Process Inventory 44,000 45,500

Finished Goods Inventory 24,150 25,000

Actual Factory Cost Incurred during the month are:

Direct Materials Purchased $155,000

Direct Labor Cost Incurred $270,000

Factory Utilities $35,000

Factory Rent $52,000

Factory Supervisor $43,000

Depreciation on factory equipment $25,000

Using T Accounts

Calculate the Cost of Direct Materials used during April.

Using Actual Costing, calculate the cost of the units completed during April and transferred to the finished goods storeroom.

Using Normal Budget Costing, calculate the cost of units completed during April and transferred to the finished goods storeroom.