Job Costing with Predetermined Overhead Rate

Kubota Corporation manufactures equipment in batches for inventory stock. Assume that Kubota's production costs are accounted for using a job cost

system. At the beginning of April raw materials inventories totaled $$18,700,000,$ manufacturing supplies amounted to $$2,640,000,$ and finished goods

inventories totaled $$13,200,000.$ Two jobs were in process: Job $522$ with assigned costs of $$12,880,000$ and Job $523$ with assigned costs of $$5,500,000.$

The following information summarizes April manufacturing activities:

$-$Purchased raw materials costing $$55,000,000$ on account.

Purchased manufacturing supplies costing $$6,600,000$ on account.

$-$Requisitioned materials needed to complete Job $523.$ Started two new jobs, $524$ and $525,$ and requisitioned direct materials for them.

$*$Recorded April salaries and wages as follows:

Used manufacturing supplies costing $$4,950,000.$

$-$Recognized depreciation on factory fixed assets of $$11,600,000.$

$-$Incurred miscellaneous manufacturing overhead costs of $$14,500,000$ on account.

$-$Applied manufacturing overhead at the rate of $$6\mathrm{.}25$ per direct labor hour.

$-$Completed Jobs $522,523,$ and $524.$

Required

Prepare a complete analysis of all activity in Work$-$in$-$Process $($including job sheets$),$ reconciling from the beginning to the ending balances.

Note: Do not use a negative sign with any of your answers.