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Job Costs At the end of August, Ingram Company had completed Jobs 40 and 42. Job 40 is for 1,000 units, and Job 42 is
Job Costs At the end of August, Ingram Company had completed Jobs 40 and 42. Job 40 is for 1,000 units, and Job 42 is for 500 units. The following data relate to these two jobs: On August 4, raw materials were requisitioned for production as follows: 400 units for Job 40 a $18 per unit and 1,300 units for Job 42 at 518 per unit. During August, Ingram Company accumulated 300 hours of direct labor costs on Job 40 and 1,200 hours on Job 42. The total direct labor was incurred at a rate of 514 per direct later hour for Job 40 and $12 per direct labor hour for Job 42. The predetermined factory overhead rate is $6.00 per direct labor hour a. Determine the balance on the job cost sheets for Jobs 40 and 42 at the end of August Job 10 Job 42 b. Determine the cost per unit for Jobs 40 and 42 at the end of August. If required, round your answers to the nearest cent Job 40 rob 42
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