Q.1 Esenyurt Construction Company uses a job cost system to account for the houses it builds. Each house is a separate job. As of 2010 January 1, its records showed: Inventories: Materials and supplies $ 48,000 Work in process (Job No. 212 and 213) 103,200 Finished goods (Job No. 211) 120,000 The work in process inventory consists of two jobs: Job No. Direct Direct Construction Total Materials Labor Overhead* 212 213 $18,000 $24,000 $12,000 9,600 20,400 19,200 $38,400 $43,200 $21,600 $103,200 *Construction overhead is treated just like overhead in the text examples. $ 54,000 49,200 Cost and sales data for 2010: Materials purchased on account, USD 198,000. - Labor costs: Direct labor assigned to jobs-Job No. 212, USD 48,000; Job No. 213, USD 96,000; Job No. 214 (started in 2010), USD 144,000; supervision and other indirect labor, USD 120,000. - Materials used: Job No. 212, USD 31,200; Job No. 213, USD 57,600; Job No.214, USD 96,000; and indirect materials, USD 4,800. Overhead is assigned to jobs at the rate of 50 percent of the actual direct labor costs incurred on each job. 54 20

Q.1 Esenyurt Construction Company uses a job cost system to account for the houses it builds. Each house is a separate job. As of 2010 January 1 , its records showed: The work in process inventary consists of two jobs "Constuction ovenesd L treated jus be overhead in the text examples. Cost and sales data foc eoio: Materials purchased ou account, USD 198,000. - Laborcuste Diroct labor assigned to jobs-Job No, arz, USO 48,000; Job Na zis, USD g6,000; tob No. 214 (tarted in 2010), USD 44,000; superviskn and other indirbet labor, USD 120,000. indimet materials, USD 4,800 - Overhad is asigned to jobs at the nate of go perent of the actul direct iabor costs incurted on each. jot. Fuin wr pouss ( 300 No. 212 and 213) 103,200 Finsthedgoods(100No.211)120,000 The work in process inveutory consists of two jobs: Coot and rales data for zoio: - Materials purehased oa acoount, USD t98,000: indiret materials, USD 4,.800. yoi