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Perrie Company designs industrial prototypes for outside companies todated owhead for the year was $17,500 and budgeted direct labor hours were 11,000 The average wage
Perrie Company designs industrial prototypes for outside companies todated owhead for the year was $17,500 and budgeted direct labor hours were 11,000 The average wage rate for direct labor is expected to be $25 During June, Penin Company worked on four jobs. Data relating to these four jets ow wpinning balance Materials requisitioned Direct labor cost Job 39 Job 40 $2,200 $35,000 Job 41 $17,400 Job 42 1300 16,900 8,000 23,400 20300 11.700 6350 12,200 X100 Overhead is assigned as a percentage of direct labor cost. During June Jobs 3 and 40 we completed 29 was sitt 111 delivery and pays Jobs 41 and 42 remain unfinished at the end of the meth Required: 1. Calculate the balance in Work in Precess as of June 30. 55.760 X 2. Calculate the balance in Finished Goods as of June 30 D 3. Calculate the cost of goods sold for June 4. Calculate the price charged for Job 39. Round your answer to two decimal places
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