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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

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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: Work in Process Job 33 Job 34 Balance on 3/1 $7,500 6,000 $ 13,500 Source documents revealed the following during March: Materials Requisitions Labor Time Forms Tickets Status of Job at Month-End Job 33 $ 3,500 $6,500 completed and sold Job 34 6,000 7,800 Completed, but not sold Job 35 4,200 3,250 In process Indirect 1,300 2.140 $ 15,000 $ 19,690 The company applies overhead to products at a rate of 150 percent of direct labor cost The company applies overhead to products at a rate of 150 percent of direct labor cost. Required: 1. Compute the cost of Jobs 33, 34 and 35 at the end of the month. Total Manufacturing Cost Job 33 Job 34 Job 35 vu 27250 31,500 12,325 $ 2. Calculate the balance in the Work In Process Inventory, Finished Goods Inventory, and Cost of Goods Sold accounts at month-end. 26,950 Work in Process Inventory Finished Goods Inventory Cost of Goods Sold

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