Perez Company shows the following costs for three jobs worked on in September.

$$ob$114$

Job$115$

Job $116$

Balances on August $31$

Direct materials used $($in August$)...$

Direct labor used $($in August$).......$

Overhead applied $($August$)........$

Costs during September

Direct materials used...................

Direct labor used........................

Overhead applied........................

Status on Septembe$30..................$

$ $14,000$

$18,000$

$9,000$

$100,00030,000$

$?$

Finished $($sold$)$

$ $18,000$

$16,000$

$8,000$

$170,000$

$68,000?$

$ $80,000120,000$

$1$

Finished $($unsold$)$

In process

Additional Information

a$.$ Raw Materials Inventory has an August $31$ balance of $$150,000.$

b$$ Raw materials purchases in September are $$400,000,$ and total factory pavroll cost in September is $$232,000.$

C$$ Actual overhead costs incurred in September are indirect materials, $$30,000$; indirect labor, $$14,000$;

factory rent, $$20,000$; factory utilities, $$12,000$; and factory equipment depreciation, $$30,000.$

d$$ Predetermined overhead rate is $50\%$ of direct labor cost.

e$$ Job $114$ is sold for $$380,000$ cash in September.

Required

$1$ Determine the amount of overhead applied to each job in September.

$2.$

Determine the total cost assigned to each job as of September $30($including the balances from Augus$31).$

$.$

Prepare journal entries for the month of September to record the following.

a$$ Materials purchases $($on credit$).$

b$$ Direct materials used.

C$$ Direct labor used $($and paid in cash$)$ and assigned to Work in Process Inventory.

d$$ Indirect materials used and assigned to Factory Overhead.

e$.$

Indirect labor used $($and paid in cash$)$ and assigned to Factory Overhead.

f$.$

Overhead costs applied to WorkPerez Company shows the following costs for three jobs worked on in September.

Additional Information

a$.$ Raw Materials Inventory has an August $31$ balance of $$150,000.$

b$.$ Raw materials purchases in September are $$400,000,$ and total factory payroll cost in September is $$232,000.$

c$.$ Actual overhead costs incurred in September are indirect materials, $$30,000$; indirect labor, $$14,000$;

factory rent, $$20,000$; factory utilities, $$12,000$; and factory equipment depreciation, $$30,000.$

d$.$ Predetermined overhead rate is $50\%$ of direct labor cost.

e$.$ Job $114$ is sold for $$380,000$ cash in September.

Required

Determine the amount of overhead applied to each job in September.

Determine the total cost assigned to each job as of September $30($including the balances from August $31).$

Prepare journal entries for the month of September to record the following.

a$.$ Materials purchases $($on credit$).$

b$.$ Direct materials used.

c$.$ Direct labor used $($and paid in cash$)$ and assigned to Work in Process Inventory.

d$.$ Indirect materials used and assigned to Factory Overhead.

e$.$ Indirect labor used $($and paid in cash$)$ and assigned to Factory Overhead.

f$.$ Overhead costs applied to Work in Process Inventory.

g$.$ Actual other overhead costs incurred. $($Factory rent and utilities are paid in cash.$)$

h$.$ Transfer of Jobs $114$ and $115$ to the Finished Goods Inventory.

i$.$ Cost of Job $114$ in the Cost of Goods Sold account.

j$.$ Revenue from the sale of Job $114$ received in cash.

k$.$ Close underapplied or overapplied overhead to the Cost of Goods Sold account. in Process Inventory.

g$$ Actual other overhead costs incurred. $($Factory rent and utilities are paid in cash.$)$

h$.$ Transfer of Jobs $114$ and $115$ to the Finished Goods Inventory.

$$ Cost of Job $114$ in the Cost of Goods Sold account. $\text{'}$

j$.$ Revenue from the sale of Job $114$ received in cash.

k$$ Close underapplied or overapplied overhead to the Cost of Goods Sold account.