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PT HAGNA GARSIA uses a cost-of-order system. The following is data about orders and costs incurred. The balance of work in progress at the end

PT HAGNA GARSIA uses a cost-of-order system. The following is data about orders and costs incurred. The balance of work in progress at the end of August 2002 shows the following amounts:

Job no. 2007: Raw material IDR 140,000

Direct wage 105,000

factory overhead 42,000

Factory overhead costs are charged on a direct wage basis at a rate of 60% of direct wages.

Factory overhead costs are charged on a direct wage basis at a rate of 60% of direct wages.

During September 2002 the following expenses were incurred.

Raw material: Job no. 2007 IDR 80,000

Job no. 2008 75,000

Job no. 2009 84,000

Direct wages: Job no. 2007 IDR 70,000

Job no. 2008 85,000

Job no. 2009 81,000

Job no. 2007 was completed on September 20, 2002 and was taken by the customer at a price of IDR 660,000 while Job no.2008 and 2009 were still in process until the end of September 2002.

From this data:

  1. Calculate the cost of Job no. 2007.
  2. Calculate the gross profit of Job no. 2007.
  3. Compute the cost of goods in process at the end of September 2002.

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