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On September 1, two jobs were in process at Petes Patios. Details of the jobs follow: Job Number Direct Materials Direct Labor PP-24 $ 1,048

On September 1, two jobs were in process at Petes Patios. Details of the jobs follow:

Job Number Direct Materials Direct Labor
PP-24 $ 1,048 $ 432
PP-30 590 1,630


Materials Inventory on September 1 totaled $5,530, and $712 worth of materials was purchased during the month. Indirect materials of $101 were withdrawn from materials inventory. On September 1, finished goods inventory consisted of two jobs, PP-12, costing $2,380, and PP-14, with a cost of $908. Costs for both jobs were transferred to Cost of Services Billed during the month.

Also during September, Jobs PP-24 and PP-30 were completed. Completing Job PP-24 required an additional $1,350 in direct labor. The completion costs for Job PP-30 included $632 in direct materials and $4,300 in direct labor.

Petes Patios used a total of $1,836 of direct materials (excluding the $101 indirect materials) during the period, and total direct labor costs during the month amounted to $8,240. Overhead has been estimated at 50 percent of direct labor costs, and this relation has been the same for the past few years.

Required:

Compute the costs to complete Jobs PP-24 and PP-30 and the balances in the September 30 inventory accounts.

Required:

Compute the costs to complete Jobs PP-24 and PP-30 and the balances in the September 30 inventory accounts.

Cost to Complete PP-24?

Cost to complete PP-30?

Balance of Material Inventory as of September 30?

Balance of Work-In-rogress as of September 30?

Balance of Finished Goods Inventory as of Septmeber 30?

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