Job Costs, Ending Work In Process During March, Aragon Company worked on three jobs Data relating to these three jobs follow Job 78 Job 79 Job 80 Units in each order 220 250 270 Units sold 250 Materials requisitioned $1,452 $1,375 53,213 242 Direct labor hours Direct labor cost 275 $3,850 486 $4,568 $2,662 Overhead is assigned on the basis of direct labor hours at a rate of 58 40 per direct labor hour During March, Jobs 78 and 79 were completed and transferred to Finished Goods Inventory Job 79 was sold by the end of the month Job 80 was the only unfinished job at the end of the month Required 1 Calculate the per unit cost of Jobs 78 and 79 Round your answers to the nearest cent Job 78 per unit Job 79 per unit 2 Compute the ending balance in the work in process inventory account Round your answer to the nearest cent $ 3 Prepare the journal entries reflecting the completion of Jobs 78 and 79 and the sale of Job 79 The selling price is 120 percent of cost Round your answers to the nearest cent Required 1 Calculate the per unit cost of Jobs 78 and 79 Round your answers to the nearest cent Job 78 per unit Job 79 s per unit 2 Compute the ending balance the work in process inventory account Round your answer to the nearest cent $ 3 Prepare the journal entries reflecting the completion of Jobs 78 and 79 and the sale of Job 79 The selling price is 120 percent of cost Round your answers to the nearest cent Completion of Jobs 78 79 Sale of Job 79 (cost) Sale of Job 79 (sale)

Question

Job Costs, Ending Work In Process During March, Aragon Company worked on three jobs  Data relating to these three jobs follow  Job 78 Job 79 Job 80 Units in each order 220 250 270 Units sold 250 Materials requisitioned $1,452 $1,375 53,213 242 Direct labor hours Direct labor cost 275 $3,850 486 $4,568 $2,662 Overhead is assigned on the basis of direct labor hours at a rate of 58 40 per direct labor hour  During March, Jobs 78 and 79 were completed and transferred to Finished Goods Inventory  Job 79 was sold by the end of the month Job 80 was the only unfinished job at the end of the month  Required  1  Calculate the per unit cost of Jobs 78 and 79  Round your answers to the nearest cent  Job 78 per unit Job 79 per unit 2  Compute the ending balance in the work in process inventory account  Round your answer to the nearest cent  $ 3  Prepare the journal entries reflecting the completion of Jobs 78 and 79 and the sale of Job 79  The selling price is 120 percent of cost  Round your answers to the nearest cent  Required  1  Calculate the per unit cost of Jobs 78 and 79  Round your answers to the nearest cent  Job 78 per unit Job 79 s per unit 2  Compute the ending balance the work in process inventory account  Round your answer to the nearest cent  $ 3  Prepare the journal entries reflecting the completion of Jobs 78 and 79 and the sale of Job 79  The selling price is 120 percent of cost  Round your answers to the nearest cent  Completion of Jobs 78   79 Sale of Job 79 (cost) Sale of Job 79 (sale)

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Job Costs, Ending Work In Process During March, Aragon Company worked on three jobs. Data relating to these three jobs follow: Job 78 Job 79

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