OBJECTIVE 25 Exercise 5.18 Activity-Based Costing, Unit Cost, Ending Work-in-Process Inventory, Journal Entries Feldspar Company uses an ABC system to apply overhead. There are three activity rates, shown on page 251. 500 100 Setting up $20 per setup Machining S5.10 per machine hour Other overhead 80% of direct labor cost During September, Feldspar worked on three jobs. Data relating to these jobs follow: Job 13-280 Job 13-281 Job 13-282 Units in each order 200 100 Units sold 200 Materials requisitioned $4,730 $3,800 $5,600 Direct labor cost $2,000 $4,600 $ 800 Machine hours S 80 100 40 Number of setups 20 1 5 During September, Jobs 13-280 and 13-282 were completed and transferred to Finished Goods Inventory. Job 13-280 was sold by the end of the month. Job 13-281 was the only unfinished job at the end of the month. dr M n ot to Required: 1. Calculate the per-unit cost of Jobs 13-280 and 13-282. (Round unit cost to nearest cent.) 2. Compute the ending balance in the work-in-process inventory account. 3. Prepare the journal entries reflecting the completion of Jobs 13-280 and 13-282 and the sale of Job 13-280 on account. The selling price is 150 percent of cost. 25