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Job Costs Using a Plantwide Overhead Rate Perrin Company designs industrial prototypes for outside companies. Budgeted overhead for the year was $187.500, and budgeted dred
Job Costs Using a Plantwide Overhead Rate Perrin Company designs industrial prototypes for outside companies. Budgeted overhead for the year was $187.500, and budgeted dred labor hours were 11,000. The age he dit is de 25 During June, Perrin Company worked on four jobs. Data relating to these four Jobs follow Beginning b balance Materials requisitioned Direct labor cost Job 39 $26,200 Job 40 $35,000 Job 41 $17,400 Job 42 $300 16,900 8,000 23,400 20.500 11,700 12.200 6,350 3,100 Overhead is assigned as a percentage of direct labor cant. During June, Jobs 39 and 40 were completed; Job 2 delivery and pays. Jobs 41 and 42 remain unfinished at the end of the mort Required: 1. Calculate the balance in Work in Process as of June 30 55,760 X 2. Calculate the balance in Finished Goods as of June 30. 3. Calculate the cost of goods sold for June. 4. Calculate the price charged for Job 23. Round your answer to two decimal places
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