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please please explain in detail and solved it in accurate way. Thank you manufacturing and determine 2. 3. 4. 5. 6), AN P2-5A Rodman Corporation's

please please explain in detail and solved it in accurate way. Thank you image text in transcribed
manufacturing and determine 2. 3. 4. 5. 6), AN P2-5A Rodman Corporation's fiscal year ends on November 30. The following accounts are found in its job order cost accounting system for the first month of the new fiscal year Raw Materials Inventory Dec. 1 Beginning balance Dec 31 Requisitions 16.850 31 Purchases 19.225 Dec 31 Ending balance 7.975 Work in Process Inventory Dec. Beginning balance (b) Dec 31 Jobs completed 31 Direct materials (c) 31 Direct labor 8.800 31 Overhead (d) Dec. 31 Ending balance (e) Finished Goods Inventory Dec. ! Beginning balance Dec. 31 Cost of goods sold (1) 31 Completed jobs h) Dec. 31 Ending balance Factory Labor Dec. 31 Factory wages 12,025 Dec 31 Wages assigned (k) Manufacturing Overhead Dec. 31 Indirect materials 1,900 Dec. 31 Overhead applied 31 Indirect labor d) 31 Other overhead 1.245 Other data: 1. On December 1, two jobs were in process Job No. 154 and Job No. 155. These jobs had combined direct materials costs of 59.750 and direct labor costs of 515,000 Overhead was applied at a rate that was 75% of direct labor cost. Problems: Set B 2. During December, Job Nos. 156, 157, and 158 were started on December 31, Job No. 158 was unfinished. This job had charges for direct materials $3,800 and direct labor 54,800, plus manufacturing overhead. All jobs, except for Job No. 158, were com pleted in December 3. On December 1, Job No. 153 was in the finished goods warehouse. It had a total cost of $5,000. On December 31, Job No. 157 was the only job finished that was not sold. It had a cost of $4,000 4. Manufacturing overhead was $230 overapplied in December Instructions List the letters through (m) and indicate the amount pertaining to each letter Id 514950 554150 555150

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