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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: Work in Process Job 33 Job 34 Balande on 3/1 $ 4,700 4,200 $ 8.900 Source documents revealed the following during March: Materials Requisitions Labor i ikata Job 32 $ 2.100 5.300 Job 34 3.100 4.500 Joh 35 3.900 2,100 Todirect 900 2.000 10.000 $13.900 EUR of Job at Month-Ind Completed and sold Completed, but not sold In proces The company applies overhead to products at a rate of 55 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. Comulate this nei 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 is the tabs below. Reclared Required 2 Required 1 Com the cost of Jobs 33, 34, and 35 at the end of the month. Total Manifacturing Job 33 Job 34 Required 23 at moi Coute their ty entering your answers in the tabs below. 3 quired Required 2 Calculate balance in the Work in Process Inventory, Finished Goods Inventory, and Cost of Goods Sold accounts at month- and Work in Process Inventory Finished Goods Inventory Cost of Goods Sold
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