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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:

Work in process balnce on 3/1

Job 33 4000

Job 34 5000

total: 9000

Materials Requisitions Forms Labor Time Tickets Status of Job at Month-End
Job 33 $ 3,400 $ 4,700 Completed and sold
Job 34 3,500 4,600 Completed, but not sold
Job 35 3,200 2,800 In process
Indirect 800 2,600
$ 10,900 $ 14,700

The company applies overhead to products at a rate of 50 percent of direct labor cost. Required:

1. Compute the cost of Jobs 33, 34, and 35 at the end of the month.

Total Maufacturing Cost

Job 33 =

Job 34 =

Job 35 =

2. 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 =

Finshed Goods Inventory =

Cost of Goods Sold =

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