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Oak Crook Furniture Factory (OCFF), a custom furniture manufacturer, uses job order costing to track the cost of each customer order On March 1 OCFF
Oak Crook 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 30 Job 34 on 31 $4,200 $ 8,600 Source documents revealed the following during March Materials Requisitions Labor Tie Tickets Status of Job at Month-End Job 13 $5,000 Completed and solo 3.5ee 3. Completed, but not sold Dot 35 Ta process Tedirect $ 11,20 $ 12,00 The company applies overhead to products at a rate of 60 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 Cost Job 39 Job 34 Job 3 Required 2 > Oak Crook Furniture Factory (OCFF. a custom furniture manufacturer, uses job order costing to track the cost of each customer order On March L OCFF had two jobs in process with the following costs: Work in Process on 3/3 $ 4.2ee Source documents revealed the following during March Requisitions Labor Time Status of Job at oth-End Job $ 2,100 $ 5,ce Completed and sold Job 34 3.000 Completed, but not sold 2015 4.700 3. In process Indirect 900 1. $11,20 $12.00 The company applies overhead to products at a rate of 60 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 Required 2 Calculate the balance in the Work in Process Inventory. Finished Goods Inventory, and Cost of Goods Sold accounts at month end, Work in Process inventory Fished Goods Inventory Cost of Goods Sold Required 1
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