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On June 1, two jobs were in process at McHale Painters, Inc. Details of the jobs follow Job No. A-15 A-38 Direct Materials S
On June 1, two jobs were in process at McHale Painters, Inc. Details of the jobs follow Job No. A-15 A-38 Direct Materials S 174 $ 32 Direct Labor 64 $ 84 Materials inventory on June 1 totaled $920, and $116 in materials were purchased during the month. Indirect materials of $16 were withdrawn from materials inventory. On June 1, finished goods inventory consisted of two jobs, Job A-07, costing $392, and Job A-21 costing $158. Both of these jobs were transferred to Cost of Goods Sold during the month. Also during June, Jobs A-15 and A-38 were completed. To complete Job A-15 required an additional $68 in direct labor. The completion costs for Job A-38 included $108 in direct materials and $200 in direct labor. Job A-40 was started during the period but was not finished. A total of $314 of direct materials was used (excluding the $16 indirect materials) during the period, and total direct labor costs during the month amounted to $408) Overhead has been estimated at 150% of direct labor costs, and this relation has been the same for the past few years. Required: 1. Compute the total cost of Job A-157 50% 2. Compute the total cost of Job A-382 Q50 3. Compute the balance of Materials Control at June 307 706 4. Compute the balance of Work in process control inventory at June 30? 209 5. Compute the balance of Finished goods inventory at June 30? 556' +94 $354
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