Job Order Cost Flow

Safe Tee, Inc. uses a job order system. The following transactions are for August 2019.

• Direct material purchases on account totaled 133,200.
• Direct labor cost for the period totaled 111,880 for 2,797 direct labor hours.
• Factory overhead costs were applied to jobs at a rate of 60 per direct labor hour.
• Actual overhead costs for the period totaled 161,360.
• Goods costing (at normal) 360,670 were sold for 512,150.
• Underapplied or overapplied overhead is treated as an adjustment to cost of goods sold at month-end.
• Direct materials inventory was 10,500 and 24,400 on August 1 and August 31, respectively.
• Work-in-process inventory was 33,960 and 17,020 on August 1 and August 31, respectively.
• There was no finished goods inventory on August 1, 2019.

Show solutions to the following:

1. The ending balance of finished goods inventory of Safe Tee, Inc amounted to ____________

2. The cost of Direct Materials used in production amounted to ____________

3. The Total Manufacturing Costs amounted to____________

4. The Total Cost of Goods Manufactured amounted to ____________

5. The ADJUSTED Cost of Goods Sold amounted to ____________