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Minchoy Corporation uses a job order cost accounting system. Five jobs were worked on during the current year. The predetermined overhead rate is 20% of

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Minchoy Corporation uses a job order cost accounting system. Five jobs were worked on during the current year. The predetermined overhead rate is 20% of direct labor costs. The following cost Information is available (all materials and time ticket information applies to direct costs Job Materials Requisitions 101 S66,000 102 $63,000 103 S39,000 104 S32,000 105 S53,000 Time Tickets $32,000 $74,000 $50,000 $36,000 S68,000 Part 1-Complete the job cost sheets for each job. Job No. 101 Materials Labor Overhead Total Cost Status Job No. 102 Materials Labor Overhead Total Cost Job No. 103 Materials Labor Overhead Total Cost Status In Process Status Sold Finished 15776 8 Job No. 105 Materials Labor Overhead Total Cost Job No. 104 Materials Labor Overhead Total Cost Status Sold Status Finished Part 2-Identify the amounts of each of the following accounts at the end of the period a. Work in Process b. Finished Goods c. Cost of Goods Sold 6778 8

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