Mastery Problemi Job Order Costine Purl of Great Price Company More Yours these stor of Pure Great Price Company POGP Company, which produces high and wewe ni wets for sale to returies The company wted in the ourteer yet and three teach of whom were hours per weekend on menting peri (a move was 30 ure om manager as 10 Murs www knitting ser) Al wagerraldineshot the end of each month Each knus atting machine that is about 23 of the key come the rest of the interstime being moved in tand knitting and placing together the garments. The company wishes a pudinging mated to wote garments in plastic for shows operated by the the managetting to proper week The riting machines were purchased on Senary of De current years and cost $2,400 each, win a anticipated setul ate of 10 years and no salvage value. The packaging sanes purchased on the same cute and cos 34,000, wa the same antiopatid stufe and savage value Debat Credit Nov. 3o Trial Balance POGP Company Trial Balance November 30, 2018 Account Title Cash Accounts Recevable Supplier Materials Work in Process Equipment Accumulated Depreciation-timent Accounts Payable Common Stock 20,000 1.000 300 5,000 5.404 12,000 825 950 10.000 Oreck My Wort Nov. 30 Trial Balance FOCP Company Tel sales November 30, 2018 Account Title Debit Credit CH 20.000 Accounts Recer 1.000 Supplies 200 Material 5.000 Work in Price 3.654 Equipment 12.000 Accumut Depreciation Court Accounts Payable 150 Commonsta 10.000 Retened tre 17.000 Dividends 18.09 5 307.500 Cost of Goods Sold 255040 Factory Overhead 15 wages Expense 13,750 330490330490 Predetermined Factory Overhead Rate Since the company is more reason or chamachi Maria desta se red or hours before protettory machine hours Predetermined Factory Overhead Rate Shce the company is more into than machine decides to strect bor hours (DUO) the hero with the intentos ( Estimated Selected Amount for the Year Estimated direction on me 31.300 Estimated totalmente ages 536.000 Estimated 0.000 Estimated factory 36.00 Estimated factory rent $12,000 Activity Base Data Fatimet me for the stimated number of for the year 375 Compute the permetry true for the current 352 DLH F Hvor man try to the common madow cry.com Date: Dec 10 Materials Requisition Reg. No. 12255 Job 13 Description Qty. Issued Unit Price Yarn Amount 53.000 Materials Requisition Date: Dec. 10 Reg. No. 12255 Job No. 83 Description Amount Qty. Issued Unit Price 600 skeins $5 Yarn type B $3,000 $3,000 Total issued Time Ticket No. 1255 Name: Susan Blake Work Description: Knitting/plecing Dates Job No. Hours Worked Unit Price Amount 12/01-12/15 62 65 $15 $975 12/16-12/31 83 103 15 1,545 Total Cost $2,520 Name: Josh Porter Time Ticket No. 2274 Work Description: Knitting/piecing Dates Job No. 12/01-12/15 62 Hours Worked Unit Price Amount 75 $15 $1,125 88 15 1,320 Total Cost $2,445 12/16-12/31 83 Time Ticket No. 3923 Name: Mary Jones Work Description: Knitting/piecing Dates Job No. Hours Worked Unit Price Amount Job Ne Time Ticket No. 323 Name Mary Jane Work / Dates Hours World Unit Price Amount 60 315 5900 13/16-12/31 100 1,035 Total Cost . Job Cout Sheets on December 10, POC Company receives an order for 20 water vested in Job to the crew the resolution table to add the materiale to the Coat Sheet for 13 On December 15, review the time the tables to add the propriate amount of crect labor and factory overhead costs to the Scout Sheet for 20 sz. for the period December 1 tough December 15 on December 11, the last work day of the year for the latters, en Time Ticket table to add the averopriate amount of direct labor and factory over and conts to the main cont shoot for 300 13 for the periode December 16th December 1 there no mount or mount or enter"OIf required, round your awwers to the nearest cent Job 62 300 units Sweaters Direct Materials Direct Labor Factory Overhead Total $5,000 $104 $5.404 0 3,000 4.440X Total Cost 5,000 3.300 1.546 x Unit Cost 96.44 X Balance Dec 15 1.440 X 9.840X Job 3 200 units Direct Materials Direct Labor Factory Overhead Total Job Cost Job 3 200 Direct Materials Direct Liber Factory Overhead Total Job Cost Balance 1 30 10 Dec 10 3.000 30 07 1.000 Dec. 31 4,500 2.150 X 50 X 9,660 Total Cost 3.000 4.500 2.160 x Pass that the actory and mental de companying director Bor ( Journal On December 10, POCP Company recomes an under for 200 sweater vasts and ansight Job 3 to the ordet. Briew the Materiale Requisition table to journalise the entry to recole the addition of the materials to work in Prostran amount box does not reduire an entry leave it bank Dec 10 Work in Process 20 Com This soundby On December 15 review the Time Tables to joumade the entry to record the otion of direct labor to Work in Process for the period December through December 15. If an amount box does not gurean On December 15, review the Time Ticket tables to your libe the entry to record the motion of direct labor to Work in Process for the period December through December 15, an amount box doet net entry fee it bank Dec 15 Working Woges Payable On December 1, niew the Tinte Toets to inalte the entry to record the son of factory went to work in process for the period December 1rh December 1 an amount or not or an entry wave it bank De 15 Workin any Overhead 30X WOW Partly On December 21 30 62 is completed, even the Job Coat Sheets and your journal entre Jourraise the entry to move the cated costs to the finished goods and an amount box does not rere entre X Dec. 21 Einished Goods Work inces 33 X On December 22. 75 of the 100 sweaters from Job 2 are sold on account for $125 each Journal the following transactions: The entry to record the The entry to record the transfer of costs from the Goods to cost of Goods Sol If an amount box does not require an entry leave it ank Dec 22 Accounts Receivati 70 X Dec 22 Cost or Goods Sold Finished Goods TOX w Partially On December 31, the last work day of the year for the inter review the Time Ticket tables to Journal the entry to record the addition of deact labor to Work In Process for the period December 16 through December 31, an amount box does not require an entry leave it blank Dec.31 Work in Process Wases Payable For SW Correc On December 31, the last work day of the year for the interview theme toke tables tourname the entry to record the son of factory read to work in rooms for the period December 16 through December 11 If an amount or does not res entry wave thank Dec 31 Work in process X Factory Overhead wy On December 31, the forming trans. Note that expert), and (d) were paid in cash One mandation on ant D. One morales One month rent of $1.000 One montecore of 51.275 it on moottori entry, beveik Dec 31 Factory Overhead