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Production Completed Job 3 3 . Started and completed Job 4 1 . Started Job 4 2 . Inventory Values Work - in - process
Production
Completed Job
Started and completed Job
Started Job
Inventory Values
Workinprocess inventory excluding applied overhead:
Job was exactly percent complete as to labor on March
Job was exactly percent complete as to labor on April
All direct materials necessary to do the entire job were charged to each job as soon as it was started.
There were no direct materlals inventorles or finished goods inventories at elther March or April
Actual overhead was $
Cost of goods sold before adjustment for over or underapplied overhead:
Overhead was applied to jobs using a predetermined rate per labor dollar that has been used since the company began operations.
All direct materials were purchased for cash and charged directly to WorkInProcess Inventory when purchased. Direct materials
purchased in April amounted to $
Direct labor costs charged to jobs in April were $ All labor costs were the same per hour for all laborers for April.
Required:
Calculate the following:
a The cost elements materlals labor, and overhead of cost of goods sold before adjustment for overor underapplied overhead for
each job sold.
b The value of each cost element materlals labor, and overhead for each job In workinprocess inventory at April
c Over or underapplied overhead for April.
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