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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 Balance on 3/1 Job 33 $ 4,700 Job 34 4,300 $ 9,000 Source documents revealed the following during March: Materials Requisitions Forms Labor Time Tickets Status of Job at Month-End Job 33 $ 3,700 $ 4,000 Completed and sold Job 34 2,600 3,800 Completed, but not sold Job 35 4,400 2,200 In process Indirect 1,300 2,500 $ 12,000 $ 12,500 The company applies overhead to products at a rate of 55 percent of direct labor cost. Required: Compute the cost of Jobs 33, 34, and 35 at the end of the month
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