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JobCo Inc. uses a Job Cost System to value inventory and cost of goods sold. During the month of Feb. the following jobs were started

JobCo Inc. uses a Job Cost System to value inventory and cost of goods sold. During the month
of Feb. the following jobs were started and costs incurred:
Job Material Cost Direct Labor Cost Mfg. Overhead
101 $1,000 $ 5,000 $10,000
102 $2,000 $ 7,500 $12,000
103 $1,200 $ 4,000 $ 8,000
104 $ 800 $ 1,500 $ 3,000
105 $ 500 $ 3,000 $ 6,000
Jobs 101,103 and 104 were completed during the month. Jobs 101 and 103 were sold for a total of $40,000.
A. Using the above information, complete the Job Cost Sheet below (assume no beginning inventory):
Job Material Cost Direct Labor Cost Mfg. Ovehead Total Cost Location
101 $1,000 $ 5,000 $10,000
102 $2,000 $ 7,500 $12,000
103 $1,200 $ 4,000 $ 8,000
104 $ 800 $ 1,500 $ 3,000
105 $ 500 $ 3,000 $ 6,000
$ -

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