Juvu. U you want to continue working where you left off? A41 xfx M N 0 P $ 11 U V w d. Rent for the year was $18,000 ($13.000 of this amount related to factory operations, and the remainderelated to seeing and administrative activities) e un costs incurred in the factory $57,000 Advertising costs ured, $140.000 Depreciation recorded on equipment $100.000 15$8,000 of amount was on equipment used factory operations the resume $12.000 was on equipment used iseng and administrative activities Manufacturing overhead cost was applied to 2 Goods that had cost $675,000 to manufacture according to the cost sheets were completed as for the year old $1250.000. The total cost manufacture these goods accoring to their job cost shots was 5700.000 A C D G H 1 PROBLEM 3-27 Comprehensive Problem [L09-1. LOS-2 LOJ-L03, L03-1) 2 1 Gold Nest Company of Guandong, China is a family owned enterprise that 4 makes birdcages for the South China market. The company sees its 5 birdcages through an exdensive network of street vendors who receive commissions on the sales All of the company's transactions with customers, employees, and suppliers are conducted in cash, there is no Credit 10 The company uses a job-order costing system in which overhead is applied 11 to jobs on the basis of aired labor cost its predetermined overhead rate is 12 based on a cost formula that estimated $390,000 of manufacturing 13 overhead for an estimated activity level of $200.000 direct labor dollars. At 14 the beginning of the year, the inventory balances were as follows: 15 16 Raw materials 17 $25,000 Work in process $10,000 18 Fished goods $40.000 19 20 d 22 23 24 During the year, the following transactions were completed 35 25 - Raw materials purchased for cash $275.000 27 Raw materials requisitioned for use in production 5280.000 (materials 20 costing $220.000 were charged directly to jobs the remaining materials 29 were indirect Costs for employee services were incurred as follows 30 11 Direct labor $180,000 92 Indirect labor $72.000 Sales Consions S63.000 30 Administrative salaries 300.000 15 36 37 38 39 Directions even to fill in the accounts. Then, close any over/under applied to OH 40 Pincome statement 41 42 Raw Materials wip. FOT COGS MOH Income Statement