Part C, D, E are...
c. Calculate October 31 balances for the follwing inventory accounts...
1. Raw Materials
2. Work in process
3. Finsihed Goods
d. What is the cost of goods manufactured in October
e. Determine the under or over applied overhead for October ans prepare a journal entry to dispose of this amount.
Sandhill Assemblers uses normal job-order costing to assign costs to products. The company assembles and packages 25 different products according to customer specifications. Products are worked on in batches of 20 to 40 units. Each batch is given a job number. On October 1, the company had the following balances $11.860 Raw materials Work in process Finished goods 79,685 37,070 Work in process consisted of the following jobs: Job 22 Job 24 Job 25 Direct materials $7.500 $6,280 $5,810 12.710 11.140 11.500 Direct labour Applied overhead 8,897 7.798 8,050 Total $29.107 25,218 $ 25,360 Number of units 20 40 30 Finished goods consisted of Job 23, with the following costs Job 23 $9.920 Direct materials Direct labour Applied overhead 15.970 11.180 Total $ 37,070 Number of units 50 Shown below are the direct cost data related to jobs started in October Job 26 Job 27 Job 28 Total Direct materials 56.270 56.780 $5.080 $ 18,130 Direct Labour $ 13,550 $11,300 57,150 $32.000 Number of units 20 30 20 Other information: 1. Direct materials and direct labour added to beginning work in process in October were as follows: Job 22 Job 24 Job 25 Total $ 1.390 $ 740 $ 1,820 $ 3,950 Direct materials Direct labour 3.630 5.450 6,660 15.740 2 Overhead is applied at a predetermined rate based on the direct labour cost. Actual expenses for October were as follows: 3. $ 7.260 $2.540 6,050 10,290 Supervisory salaries Factory rent Depreciation (machines) Indirect labour Supplies (factory) Selling expenses Property tax and insurance CPP, EI, and other benefits 6,050 2,720 4,840 5.080 4. * 80% of employer contributions and benefits relate to factory personnel. Purchases of direct materials (raw materials) during October amounted to $ 34,490. Indirect materials (supplies) are handled In a separate account Only Jobs 27 and 28 are still in process at closing on October 31. Finished goods consisted only of Job No. 25 at month end. Sandhill writes off any under and over-applied overhead to Cost of Goods Sold in the month in which it is incurred. 5. 6. (6) Your answer is incorrect Calculate the unit cost of Job No. 24 in October (Round answer to 2 decimal places, eg, 52.75.) Unit cost of Job No. 245 eTextbook and Media List of Accounts Attempts: 1 of 3 used Submit Art Save for Later Using multiple attempts will impact your score 10% score reduction after attempt 2 d The parts of this question must be completed in order. This part will be available when you complete the part above (d) The parts of this question must be completed in order. This part will be available when you complete the part above. (e) The parts of this question must be completed in order. This part will be available when you complete the part above 25 MacBook Pro