Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Job-Order Cost Sheets, Balance in Work In Process and Finished Goods Pruil Company, a job-order casting firm, worked on three jobs in July, Data are

image text in transcribed
image text in transcribed
image text in transcribed
Job-Order Cost Sheets, Balance in Work In Process and Finished Goods Pruil Company, a job-order casting firm, worked on three jobs in July, Data are as follows Job 36 Job 37 Job 38 Balance, July 1 $21.260 $5,150 50 Direct materials $10,360 $12,270 $16,190 Direct labor 516,080 $12, 210 $24,070 990 Machine hours 500 280 Overhead is applied to job at the rate of $15 per machine Tour By July 31, Jobs 86 and 88 were completed. Jobs 2 and 36 were sold Job 57 remained in process. On Suly 1, the balance in Prished Goos was $40.000 consisting of 2 for $25,590 and Job 4 for $23,410) Pull prices its jobs at costs 10 uning uy variable marketing expenses were le cand e manting expenses were $1,990; administrative expenses were 54.10. Hound mounts is the dollar Prull prices its jobs at cost plus 30. During July, variable marketing expenses were 4% of sales and fixed marketing expenses were $1,990; administrative en were $4,810. (Round all amounts to the nearest dollar) Required: 1. Prepare job-order cost sheets for all jobs in process during July, showing all costs through July 31. All amount calls must have an entry; enter eros as needed Prull Company Job-Order Cost Sheets For the Month of July Job 86 Job 87 Job Balance, July 1 Direct materials Direct labor

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Tools For Business Decision Making

Authors: Paul D. Kimmel

3rd Canadian Edition

0470836792, 978-0470836798

More Books

Students also viewed these Accounting questions