Page 1/3 (General Information)

Page 2/3 (Process cost summary)

Page 3/3 (Job order cost report)

Your manufacturing facility produces three styles of coffee tables for its customers. All three of the tables use the same Baltic birch plywood oval and then are treated differently to create the final products. The Waltons model has a natural wood finish and wooden legs. The Jetsons model has aluminum sheet laminated to the wood base and aluminum legs. The Miami Vice model has a hot pink finish applied and black iron legs. The plywood ovals are manufactured in a process environment. Then, they are transferred to the next department where they undergo transformation into the finished products. The second department is a job-order cost environment. Required: Using the data on this page, prepare the process cost summary on the blank form provided. Then, using your answer from the process cost summary and other information provided, complete the job-order cost report by computing manufacturing cost per unit for each of the three models. Please note that the job order cost report is not complete you'll need to add some lines to arrive at your final manufacturing costs per unit. Take a photo of your completed blanks and submit as a pdf on Canvas where indicated. Materials Beginning RM Inventory RM Purchases (on credit) Direct Material Used lindirect Material Used Ending RM Inventory 16,960 452,100 (247,620) (174,400) 47,040 Factory Overhead Indirect Materials Used Indirect Labor Used Other Overhead Costs Total Overhead Incurred 174,300 95,700 186,550 456,550 Factory Overhead Applied at 180% of DLS 467,730 tory Payroll Direct Labor Used Indirect Labor Used Total Payroll (paid in cash) 259,850 95,700 355,550 Direct labor Used Overhead Applied Total Conversion 259,850 467,730 727,580 ts Beginning WIP Started into Production Ending WIP 5,200 20,300 4,500 12,900 27,100 Costs Beginning WIP-DM Beginning WIP - Conversion Total DM Addded Conversion Added Total Costs ng WIP 90% complete with respect to Direct Mat's 40% complete with respect to Conversion 40,000 247,620 727,580 1,015,200 Name 5,200 1 Units in Beginning WIP Units Started into Prod'n Units to Account For 20,300 25,500 Units Transferred Units in Ending WIP Units Accounted For Direct Mat'ls Conversion Total 2 Units Comp & Transferred Units in Ending WIP - DM Units in Ending WIP - Conv Equivalent Units Cost of Beginning WIP Cost Added this Period Cost to be Accounted For 3 Cost Per Equivalent Unit 4 Transferred to FG units @ Ending WIP - DM Ending WIP - Conversion units @ units @ Total Cost Accounted For DL Hours 14,770 16,990 19,180 144,540 222,340 187,610 DM Dollars DL Dollars Factory OH Total Mfg Cost / unit process cost summary (20) job order cost report (15) mfg costs / unit (15) total (50) please note: Direct Labor is paid at the rate of $27/ hour Overhead is applied at the rate of $2 per Direct Material Dollar