Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

pls help!!!! Oak Creek Furniture Factory (OCF) a custom furniture manufacturer, uses border costing to track the cost of each customer order. On March 1,

pls help!!!! image text in transcribed
image text in transcribed
Oak Creek Furniture Factory (OCF) a custom furniture manufacturer, uses border costing to track the cost of each customer order. On March 1, OCFF had t o in process with the wing costs Work in Process Source documents revealed the following during March Materials Requisitos Forms 2200 Job 34 Job 15 Indirect Labor Time Tickets Status of Job Month End $ 4.200 Completed and sold 3.700 Completed, but not sold 3000 pcs 1.500 12 400 5 100 The company applies overhead to products at a rate of 70 percent of direct labor cos Required: 1. Compute the cost of Jobs 33 34 and 35 at the end of the month Total Manufacturing Required: 1. Compute the cost of Jobs 33, 34, and 35 at the end of the month. Total Manufacturing $ 900 Job 33 Job 34 Job 35 2. Calculate the balance in the Work in Process Inventory, Finished Goods Inventory, and Cost of Goods Sold accounts at month-end. Work in Process Inventory Finished Goods Inventory Cost of Goods Sold 177

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

When do you think a hiring decision will be made?

Answered: 1 week ago

Question

Define Administration and Management

Answered: 1 week ago

Question

Define organisational structure

Answered: 1 week ago

Question

Define line and staff authority

Answered: 1 week ago

Question

Define the process of communication

Answered: 1 week ago

Question

Explain the importance of effective communication

Answered: 1 week ago

Question

=+5. What do you want them to think?

Answered: 1 week ago

Question

=+What the product does for the end-user.)

Answered: 1 week ago