Please see the attached document. Prepare summary entries.

Exercise 20-3 A job order cost sheet for Lowry Company is shown below. Job No. 92 Date Beg. bal. Jan. 1 8 12 25 27 For 2,000 Units Direct Direct Manufacturing Materials Labor Overhead 4,500 6,600 5,082 6,400 8,400 6,804 2,500 5,000 4,050 13,400 20,000 15,936 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost ($49,336 2000) $13,400 20,000 15,936 $49,336 $24.67 Don't show me this message again for the assignment Your answer is correct. What was the balance in Work in Process Inventory on January 1 if this was the only unfinished job? (Round answer to 0 decimal places, e.g. 5,275.) The balance in Work in Process Inventory $ 16182 Don't show me this message again for the assignment Show List of Accounts Link to Text Your answer is partially correct. Try again. If manufacturing overhead is applied on the basis of direct labor cost, what overhead rate was used in each year? (Round answers to 0 decimal places, e.g. 150%.) Last year 76 % This year 81 % Don't show me this message again for the assignment Show List of Accounts Link to Text Your answer is partially correct. Try again. Prepare summary entries at January 31 to record the current year's transactions pertaining to Job No. 92. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Jan. 31 Account Titles and Explanation Work in Pro Debit Credit 11100 Raw Mater 11100 (To record raw materials) Jan. 31 Work in Pro 10900 Factory La 10900 (To record Factory labor) Jan. 31 Work in Pro 11886 Manufactur 11886 (To reocrd Manufacturing overhead) Jan. 31 Finished Go 49,336 Work in Pro 49,336 (To record the finished job) Manufacturing cost data for Orlando Company, which uses a job order cost system, are presented below. Indicate the missing amount for each letter. Assume that in all cases manufacturing overhead is applied on the basis of direct labor cost and the rate is the same. (Round answers to 0 decimal places, e.g. 5,275.) Case A Direct materials used $ Case B (a) 1 Direct labor 40,572 $87,250 48,300 Manufacturing overhead applied Total manufacturing costs Work in process 1/1/14 31560 Total cost of work in process Work in process 12/31/14 Cost of goods manufactured $ 54960 (b) $ (e) (f) (c) 191,550 $ (i) 17,120 $ (j) 10,600 $ 30130 Don't show me this message again for the assignment (g) (h) 211,590 14,440 $ 201,070 72100 (d) $ $60,030 $ 120,400 156,630 $ Case C (k) 221,680 Don Lieberman and Associates, a CPA firm, uses job order costing to capture the costs of its audit jobs. There were no audit jobs in process at the beginning of November. Listed below are data concerning the three audit jobs conducted during November. Direct materials Auditor labor costs Auditor hours Lynn $539 $5,817 70 Brian $375 $6,701 87 Mike $207 $3,410 43 Overhead costs are applied to jobs on the basis of auditor hours, and the predetermined overhead rate is $57 per auditor hour. The Lynn job is the only incomplete job at the end of November. Actual overhead for the month was $11,946. Don't show me this message again for the assignment Your answer is incorrect. Try again. Determine the cost of each job. Lynn Brian Mike $ 18302 $ 13777 $ 15563 Don't show me this message again for the assignment Stellar Inc. is a construction company specializing in custom patios. The patios are constructed of concrete, brick, fiberglass, and lumber, depending upon customer preference. On June 1, 2014, the general ledger for Stellar Inc. contains the following data. Raw Materials Inventory $3,850 Work in Process Inventory $5,790 Manufacturing Overhead Applied Manufacturing Overhead Incurred $32,240 $31,680 Subsidiary data for Work in Process Inventory on June 1 are as follows. Job Cost Sheets Customer Job Ganno Rosentha Cost Element Linton n l Direct materials $680 $790 $840 Direct labor 360 580 510 Manufacturing 504 812 714 overhead $1,544 $2,182 $2,064 During June, raw materials purchased on account were $4,150, and all wages were paid. Additional overhead costs consisted of depreciation on equipment $730 and miscellaneous costs of $490 incurred on account. A summary of materials requisition slips and time tickets for June shows the following. Customer Job Gannon Koss Rosenthal Linton Gannon General use Materials Requisition Slips $780 1,820 510 1,910 220 5,240 1,360 $6,600 Time Tickets $570 900 490 1,550 290 3,800 1,910 $5,710 Overhead was charged to jobs at the same rate of $1.40 per dollar of direct labor cost. The patios for customers Gannon, Rosenthal, and Linton were completed during June and sold for a total of $18,500. Each customer paid in full. Don't show me this message again for the assignment Your answer is partially correct. Try again. Journalize the June transactions: (i)(a) for purchase of raw materials, (b) factory labor costs incurred, and (c) manufacturing overhead costs incurred; (ii)(a) assignment of direct materials, (b) labor, and (c) overhead to production; and (iii) completion of jobs and sale of goods. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) No. (i)(a) Account Titles and Explanation Raw Materials Accounts Pay (i)(b) Factory Labor Cash (i)(c) Manufacturing Accumulated D Accounts Pay (ii) (a) Work in Proce Manufacturing Raw Materials (ii) (b) Work in Proce Manufacturing Factory Labor Debit Credit 4150 4150 (ii) (c) Work in Proce Manufacturing (iii) Finished Good Work in Proce Cash Sales Revenu (To record the sale) Cost of Goods Finished Good (To record the cost of goods sold) Manufacturing cost data for Orlando Company, which uses a job order cost system, are presented below. Indicate the missing amount for each letter. Assume that in all cases manufacturing overhead is applied on the basis of direct labor cost and the rate is the same. (Round answers to 0 decimal places, e.g. 5,275.) Case A Direct materials used $ 67758 Direct labor (a) 40,572 Total manufacturing costs Work in process 1/1/14 4440 Total cost of work in process Work in process 12/31/14 Cost of goods manufactured $ $ 9520 191,550 81924 102349 (d) 309990 (b) 69636 324430 (c) (f) 10,600 $ 313830 Don't show me this message again for the assignment (g) (i) 211,590 14,440 $ (h) $ (e) $ 201,070 $60,030 $ 120,400 156,630 $ Case C $87,250 48,300 Manufacturing overhead applied Case B 17,120 $ 228710 (j) 7030 (k) 221,680