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Please respond to all parts correctly and clearly. I will thumbs up if all parts are correct! thanks! The options for the drop down boxes
Please respond to all parts correctly and clearly. I will thumbs up if all parts are correct! thanks!
Job Costs, Ending Work in Process During March, Estes Company worked on three jobs. Data relating to these three jobs follow: Overhead is assigned on the basis of direct labor hours at a rate of $9.90 per direct labor hour, During March, Jobs 86 and 87 were completed and transforred to finished Goods terventory. Job 87 was sold by the end of the month. Job 88 was the only unfinished job at the end of the month. Required: 1. Colculate the periunit cost of Jobs 86 and 87 . Round your answers to the nearest cent. 30b86 per unit 30b87 per unit 2. Compute the ending bslance in the work-in-process inventory accounc. Round your answer to the nearest cent. 3. Prepare the joumal entries feflecting the completion of Jobs 86 and 87 and the sale of Job 87 . The sefling price is 110 percent of cost. Round your answers to the nearest cent. Completion of Jobs 86&87 Sale of Job 87 (cost) Sole of Job 87 (sale) 3. Prepare the journal entries reflecting the completion of Jobs 86 and 87 and the nearest cent The options for the drop down boxes under number 3 are attached below
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