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On September 1, two jobs were in process at Pete's Patios. Details of the jobs follow: Materials Inventory on September 1 totaled $5, 510, and
On September 1, two jobs were in process at Pete's Patios. Details of the jobs follow: Materials Inventory on September 1 totaled $5, 510, and $670 worth of materials was purchased during the month. Indirect materials of $94 were withdrawn from materials inventory. On September 1, finished goods inventory consisted of two jobs, PP-12, costing $2, 254, and PP-14, with acost of $978. 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, 330 in direct labor. The completion costs for Job PP-30 included $666 in direct materials and $4, 300 in direct labor. Pete's Patios used a total of $1, 816 of direct materials (excluding the $94 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 pastfew years. Required: Compute the costs to complete Jobs PP-24 and PP-30 and the balances in the September 30 inventory accounts
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