Job Order Costing In Action - Christian Wolff Enterprises Christian Wolff Enterprises keeps several artists and interns on staff to create special made to order blown glass artwork for high income ciients. The company operates on a calendar year and uses job order costing since each job is unique. 1. Exhibit 1 shows a postclosing trial balance as of December 31, 201?. 2. Exhibit 2 shows subsidiary ledgers for the Finished Goods Account [a piece for the Jones family and a piece for the Xiong family). You are also given detail of the Materials accounts. 3. The company uses a plantwide predetermined overhead rate of 150% of direct labor costs. 4. Review the materials requisitioned (below) for the new product you have been commissioned to make for the Cat family. Uni: Description Raquklomd Uni: Cast 'l'a'tal Si icon dioxide 35 s 0.00 5 2 .00 Alun'ina 1 s 10.0) $ 10.00 unmask 2 s 12.0:- 5 24.00 Boron oxide 0.5 5 19.00 $ 9.50 Lead oxide 0.75 5 25.00 s 18. 75 'Soda 0.1 5 20.00 s 2.00 Action items: LlI'I'E 0.15 s 21.0) s 3115 Record the Cobalt 0 5 22.03 5 ' journal entry for Silver 0.31 5 35.00 5 10.85 the materials Copper 0'1 3 23.0: f 2'50 issued; Update Manganese 0.05 5 10.03 $ 0.90 Job Cost Sheet Cl'DriLlrn 0.03 s 25.0] s 0.75 (round to the 5 52-70 nearest cent)