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Materials 34,200June 30 (A) Balance Requisitions June 1 137,600 June 30 Purchases Work in Process (B)June 30 (F) Balance Completed jobs June 1 Materials (C)
Materials 34,200June 30 (A) Balance Requisitions June 1 137,600 June 30 Purchases Work in Process (B)June 30 (F) Balance Completed jobs June 1 Materials (C) June 30 Direct labor (D) June 30 (E) June 30 Factory overhead applied Finished Goods June 30 Balance Cost of goods sold June 1 (F) June 30 Completed jobs Wages Payable June 30 Wages incurred 128,800 Factory Overhead 23,100 June 30 Balance Factory overhead applied (E) June 1 Indirect labor (H) June 30 18,300 Indirect materials June 30 90,800 June 30 Other overhead In addition, the following information is available: a. Materials and direct labor were applied to six jobs in July: Job No. Style Quantity Direct Materials Direct Labor $20,900 $15,000 201 T100 200 202 430 39,980 T200 28,000 203 T400 230 17,750 9,000 204 S200 280 37,540 29,000 205 T300 190 22,640 18,000 206 S100 130 7,550 4,000 $146,360 $103,000 Total 1,460 b. Factory overhead is applied to each job at a rate of 150% of direct labor cost c. The June 1 Work in Process balance consisted of two jobs, as follows: b. Factory overhead is applied to each job at a rate of 150% of direct labor cost. c. The June 1 Work in Process balance consisted of two jobs, as follows: Job No. Style Work in Process, June 1 201 T100 $5,800 T200 202 17,300 $23,100 Total d. Customer jobs completed and units sold in July were as follows: Job No. Style Completed in July Units Sold in July 201 T100 160 X 202 T200 X 344 203 T400 0 S200 235 204 205 T300 X 158 206 S100 0 1. Determine the missing amounts associated with each letter and complete the following table. If required, round amounts to the nearest dollar. If an answer is zero, enter in "O". Enter all amounts as positive numbers. June 1 Direct Direct Factory Job No. Quantity Work in Total Cost Unit Cost Labor Overhead Materials Process No. 201 $5,800 20,900 15,000 No. 202 17,300 39,980 28,000 No. 203 17,750 9,000 No. 204 37,540 29,000 No. 205 22,640 18,000 7,550 No. 206 4,000 Total 146,360 103,000 $23,100 a. Materials Requisitions $ b. Work in Process Beginning Balance c. Direct Materials $ d. Direct Labor $ e. Factory overhead applied f. Completed jobs $ g. Cost of goods sold $ 2. Determine the June 30 balances for each of the inventory accounts and factory overhead. Use the minus sign to indicate any credit balances. Materials: Work in Process: Finished Goods Factory Overhead: A
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