Question
On March 1 a dressmaker starts work on three custom-designed wedding dresses. The company uses job order costing and applies overhead to each job (dress)
On March 1 a dressmaker starts work on three custom-designed wedding dresses. The company uses job order costing and applies overhead to each job (dress) at the rate of 40% of direct materials costs. During the month, the jobs used direct materials as shown below.
During the month, the jobs used direct labor as shown below. Jobs 1 and 3 are not finished by the end of March, and Job 2 is finished but not sold by the end of March.
1. Determine the amounts of direct materials, direct labor, and factory overhead applied that would be reported on job cost sheets for each of the three jobs for March. 2. Determine the total dollar amount of Work in Process Inventory at the end of March. 3. Determine the total dollar amount of Finished Goods Inventory at the end of March. Assume the company has no beginning Work in Process or Finished Goods inventories.
please help
Costs Save QS 19-10 Manufacturing cost flows LO P1, P2, P3 On March 1 a dressmaker starts work on three custom-designed w overhead to each job (dress) at the rate of 40% of direct materials below. Direct materials used Job 1 Job 2 Job 3 $5,000 $7,000 $1,500 During the month, the jobs used direct labor as shown below. Job but not sold by the end of March. Job 1 Job 2 Job 3 During the month, the jobs used direct labor as shown be but not sold by the end of March. Direct labor used Job 1 Job 2 Job 3 $9,000 $4,000 $3,000 1. Determine the amounts of direct materials, direct labor each of the three jobs for March 2. Determine the total dollar amount of Work in Process in 3. Determine the total dollar amount of Finished Goods in Process or Finished Goods inventories Complete this question by entering your answers in y you answers in the tabs below Required 1 Required 2 Required 3 Determine the amounts of direct materials, direct labor, and factory overhead sheets for each of the three jobs for March. $ Direct materials Direct labor Factory overhead Total JOB COST SHEET I Jobi $ 5,000 $ 9,000 4,000 $ 18,000 $ Job 2 7,000 4,000 3,000 14,000 Job 3 1,500 3,000 1,500 6,000 $ Required Determine the total dollar amount of Work in Process Inventory at the end of Me Determine the total dollar amount of Finished Goods Inventory at the end of Ma "rocess or Finished Goods inventories. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the total dollar amount of Work in Process Inventory at the end of March Ending work in process inventory RESS Cousins. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the total dollar amount of Finished Goods Inventory at the end of March Work in Process or Finished Goods inventories. Finished goods inventoryStep by Step Solution
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