Purchased raw materials on credit, $240,000.

Materials requisitions record use of the following materials for the month.

Job 136	$ 50,000
Job 137	33,000
Job 138	19,400
Job 139	22,400
Job 140	7,000
Total direct materials	131,800
Indirect materials	20,500
Total materials requisitions	$ 152,300

Time tickets record use of the following labor for the month. These wages were paid in cash.

Job 136	$ 12,200
Job 137	10,600
Job 138	37,700
Job 139	39,400
Job 140	4,000
Total direct labor	103,900
Indirect labor	24,500
Total labor cost	$ 128,400

Applied overhead to Jobs 136, 138, and 139.

Transferred Jobs 136, 138, and 139 to Finished Goods Inventory.

Sold Jobs 136 and 138 on credit at a total price of $545,000.

Recorded the cost of goods sold for Jobs 136 and 138.

Incurred the following actual other overhead costs during the month.

Depreciation of factory building	$ 68,500
Depreciation of factory equipment	36,500
Expired factory insurance	11,000
Accrued property taxes payable	36,500

Applied overhead at month-end to the Work in Process Inventory account (for Job 137 and 140) using the predetermined overhead rate of 200% of direct labor cost.

4. (a) Compute the total cost of each job in process and prove that the sum of their costs equals the Work in Process Inventory account balance. (b) Compute the total cost of each job finished but not sold, and prove that the sum of their costs equals the Finished Goods Inventory balance. (c) Compute the total cost of each job sold, and prove that the sum of their costs equals the Cost of Goods Sold balance.

Total Job Costs
(a) Work in Process Inventory
Balance	0
(b) Finished Goods Inventory
Balance	0
(c) Cost of Goods Sold
Balance