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Pharoah Corporation's fiscal year ends on June 30. The below accounts are available in the work order cost accounting system for the first month of
Pharoah Corporation's fiscal year ends on June 30. The below accounts are available in the work order cost accounting system for the first month of the new fiscal year:
Raw Material Inventory | |||||||||||
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Work in process inventory | |||||||||||
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Finished goods inventory | |||||||||||
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Factory Work | |||||||||||
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General Production Expenses | |||||||||||
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Other data:
1. | On July 1, two jobs were in progress: Job No., which cost $19,700 and $13,500 respectively. 4085 and Job No. 4086. |
2. | Jobs 4087, 4088 and 4089 were launched in July. Only Job No. 4089 was not finished. This job had $2,130 in direct materials and $1,560 in direct labor and manufacturing overheads. The general production cost was applied at the rate of 125% of the direct labor cost. |
3. | On July 1, Job 4084 costing $145,800 was in the finished goods warehouse. On July 31, Job 4088, costing $139,100, was in finished goods. |
4. | Overhead was $3,400 under-applied in July. |
Specify the amount for each letter.
(A) | $enter a dollar amount |
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(B) | $enter a dollar amount |
(C) | $enter a dollar amount |
(D) | $enter a dollar amount |
(e) | $enter a dollar amount |
(F) | $enter a dollar amount |
(G) | $enter a dollar amount |
(H) | $enter a dollar amount |
(i) | $enter a dollar amount |
(J) | $enter a dollar amount |
(k) | $enter a dollar amount |
(l) | $enter a dollar amount |
(M) | $enter a dollar amount |
(N) | $enter a dollar amount |
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Raw Material Inventory account Raw Material Inventory 1 July Initial balance 15800 31 July requests A 31 31 July acquisitions 91200 31 July ending bal...Get Instant Access to Expert-Tailored Solutions
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