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PROBLEM 8 9 20 21 Jonick Industries, Inc. uses a job order costing system in manufacturing custom products. The following table summarizes data related
PROBLEM 8 9 20 21 Jonick Industries, Inc. uses a job order costing system in manufacturing custom products. The following table summarizes data related to production in June, the first month of operations. Determine the cost to date of each of the seven jobs below. 22 (only if sold) (Questions #1-7) 23 Factory Machine Sales Job Cost 24 Job Materials Labor Hours Completed Price to Date 25 Job 230 13,640 8,940 15 yes 40,170 1. 23,630 26 Job 231 14,640 15,850 25 yes 54.810 2. 30,490 27 Job 232 12,520 12,610 40 3. 25,130 28 Job 233 3.960 5,680 90 4. 9.640 29 Job 234 4,050 7,900 60 yes 30 Job 235 10,850 10,330 35 yes 31 Job 236. 7,470 7,600 20 yes 28,000 569 5. 11,950 21,180 15,070 32 For general factory use 9.110 9,370 33 Factory overhead rate per machine hour: $70 34 35 Complete the following transactions for Jonick Industries by entering the amounts. (Questions #8-16) 36 The transactions relate to one another. 37 38. 8. Materials were purchased on account. $110,550 39 40 Date Account 41 8. Materials 42 Accounts Payable Debit Credit 110,550 110,550 43 44 45
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