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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. On March 1, OCFF
Oak Creek Furniture Factory (OCFF), a custom furniture manufacturer, uses job order costing to track the cost of each customer order. On March 1, OCFF had two jobs in process with the following costs: Balance on 3/1 $ 5,400 3,800 $ 9,200 Work in Process Job 33 Job 34 Source documents revealed the following during March: Materials Requisitions Labor Time Tickets Status of Job at Month-End Forms Completed and sold Completed, but not sold In process $5,700 3,400 2,900 1,700 Job 33 $2,100 3,000 4,100 Job 34 Job 35 Indirect 1,100 $10,300 $13,700 The company applies overhead to products at a rate of 55 percent of direct labor cost. Required: Required: 1. Compute the cost of Jobs 33, 34, and 35 at the end of the month. 2. Calculate the balance in the Work in Process Inventory, Finished Goods Inventory, and Cost of Goods Sold accounts at month-end. Complete this question by entering your answers in the tabs below. Required 2 Required 1 Compute the cost of Jobs 33, 34, and 35 at the end of the month. Total Manufacturing Cost Job 33 Job 34 Job 35 Required 1 Required 2
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