Job Costing with Predetermined Overhead Rate

Kubota Corporation manufactures equipment in batches for inventory stock. Assume that Kubota$$s production costs are accounted for using a job cost system. At the beginning of April raw materials inventories totaled $$7,480,000,$ manufacturing supplies amounted to $$1,056,000,$ and finished goods inventories totaled $$5,280,000.$ Two jobs were in process: Job $522$ with assigned costs of $$5,152,000$ and Job $523$ with assigned costs of $$2,200,000.$ The following information summarizes April manufacturing activities:

$$Purchased raw materials costing $$22,000,000$ on account.

$$Purchased manufacturing supplies costing $$2,640,000$ on account.

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

Direct materials

Job $523$ $$2,640,000$

Job $52411,352,000$

Job $5258,448,000$

Total $$22,440,000$

$$Recorded April salaries and wages as follows:

Direct labor

Job $522(120,000$ hours $\backslash$times $$25$ per hour$)$ $$3,000,000$

Job $523(760,000$ hours $\backslash$times $$25$ per hour$)19,000,000$

Job $524(1,080,000$ hours $\backslash$times $$25$ per hour$)27,000,000$

Job $525(700,000$ hours $\backslash$times $$25$ per hour$)17,500,000$

Total direct labor $66,500,000$

Indirect labor $5,680,000$

Total $$72,180,000$

$$Used manufacturing supplies costing $$1,980,000.$

$$Recognized depreciation on factory fixed assets of $$4,640,000.$

$$Incurred miscellaneous manufacturing overhead costs of $$5,800,000$ 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.

Job # $522$ Job # $523$ Job # $524$ Job # $525$

Beg. Bal. Answer $1$

$0$

Answer $2$

$0$

Answer $3$

$0$

Answer $4$

$0$

DM Answer $5$

$0$

Answer $6$

$0$

Answer $7$

$0$

Answer $8$

$0$

DL Answer $9$

$0$

Answer $10$

$0$

Answer $11$

$0$

Answer $12$

$0$

OH Answer $13$

$0$

Answer $14$

$0$

Answer $15$

$0$

Answer $16$

$0$

Total Answer $17$

$0$

Answer $18$

$0$

Answer $19$

$0$

Answer $20$

$0$

Work in Process

Beg. Bal. Answer $21$

$0$

DM Answer $22$

$0$

DL Answer $23$

$0$

OH Answer $24$

$0$

Less completed jobs Answer $25$

$0$

End. Bal. Answer $26$

$0$