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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,
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 Job 33 Job 34 Balance on 3/1 $ 4,100 3,000 $ 7,100 Source documents revealed the following during March: Materials Requisitions Forms $ 2,300 2,000 Labor Time Tickets $ 4,100 Status of Job at Month-End Completed and sold Job 33 Job 34 4,100 Job 35 3,200 3,500 Completed, but not sold In process Indirect 1,200 2,200 $ 8,700 $ 13,900 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. Total Manufacturing Job 33 Job 34 Job 35 Cost < Required 1 Required 2 >
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