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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 Work in Process Job 33 Job 34 $ 4,800 3,100 $ 7,900 Job 33 Job 34 Job 35 Indirect Source documents revealed the following during March: Materials Requisitions Forms $ 2,300 2,300 3,800 Tickets Labor Time $ 5,200 Status of Job at Month-End Completed and sold 3,500 Completed, but not sold 2,100 In process 700 1,300 $ 9,100 $12,100 The company applies overhead to products at a rate of 70 percent of direct labor cost. 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 1 Required 2 Compute the cost of Jobs 33, 34, and 35 at the end of the month. Job 33 Total Manufacturing Cost Job 34 Job 35 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 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 Finished Goods Inventory Cost of Goods Sold
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