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Oak Creek Furniture Factory ( OCFF ) , a custom furniture manufacturer, uses job order costing to track the cost of each customer order. Source
Oak Creek Furniture Factory OCFF a custom furniture manufacturer, uses job order costing to track the cost of each customer order. Source documents revealed the following during March:
The company applies overhead to products at a rate of percent of direct labor cost.
Required:
Compute the cost of Jobs and at the end of the month.
Calculate the balance in the Work in Process Inventory, Finished Goods Inventory, and Cost of Goods Sold accounts at monthend.
Complete this question by entering your answers in the tabs below.
Required
Required
Calculate the balance in the Work in Process Inventory, Finished Goods Inventory, and Cost of Goods Sold accounts at month
end.
Work in Process Inventory
Finished Goods Inventory
Cost of Goods Sold
On March OCFF had two jobs in process with the following costs:
Source documents revealed the following during March:
The company applies overhead to products at a rate of percent of direct labor cost.
Required:
Compute the cost of Jobs and at the end of the month.
Calculate the balance in the Work in Process Inventory, Finished Goods Inventory, and Cost of Goods Sold accounts at monthend.
Complete this question by entering your answers in the tabs below.
Required
Compute the cost of Jobs and at the end of the month.
Total Manufacturing
Cost
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