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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 321 $4,200 4,700 $ 8,900 Source documents revealed the following during March: Materials Requisitions Forms Labor Time Tickets Status of Job at Month-End Job 33 Job 34 Job 35 Indirect $3,100 $4,500 2,800 3,600 Completed and sold Completed, but not sold 4,300 2,400 In process 1,000 1,400 $11.200 $ 11,900 The company applies overhead to products at a rate of 70 percent of direct labor cost
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