Oak Creek Furniture Factory (OCFF), a custom furniture manufacturer, uses job order costing to track the...

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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 had two jobs in process with the following costs: Balance on 3/1 Work in Process Job 33 Job 34 $ 5,600 4,200 $9,800 Source documents revealed the following during March Materials Requisitions Forms $ 2,180 2,000 3,400 Labor Time Tickets $ 5,900 Completed and sold Status of Job at Pooth-End Job 33 Job 34 4,600 Completed, but not sold Job 35 Indirect 2,200 In process 1,200 1,700 $ 8,700 $14,400 The company applies overhead to products at a rate of 55 percent of direct labor cost 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 $ 5,600 4,200 $9,800 Source documents revealed the following during March Materials Requisitions Forms $ 2,180 2,000 3,400 Labor Time Tickets $ 5,900 Completed and sold Status of Job at Pooth-End Job 33 Job 34 4,600 Completed, but not sold Job 35 Indirect 2,200 In process 1,200 1,700 $ 8,700 $14,400 The company applies overhead to products at a rate of 55 percent of direct labor cost