Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 1) Brandt Company produces unique metal sculptures. On September 1, three jobs were in process with the following costs: Direct materials Direct labor Applied

image text in transcribed
Question 1) Brandt Company produces unique metal sculptures. On September 1, three jobs were in process with the following costs: Direct materials Direct labor Applied overhead Job 35 $300 350 420 Job 36 $280 700 392 Job 37 S475 1,050 665 During the month of September, two more jobs were started, Jobs 38 and 39. Materials and labor costs incurred by each job in September are as follows: Materials Direct Labor Job 35 Job 36 Job 37 $400 150 260 800 760 $300 200 150 650 700 nJob 38 ob 39 Jobs 36 and 39 were completed and sold by September 30 Required 1) What are the total costs for each job (35-39) and in total during September? 2) What are the WIP & COGS balances as of September 30? Question 1) Brandt Company produces unique metal sculptures. On September 1, three jobs were in process with the following costs: Direct materials Direct labor Applied overhead Job 35 $300 350 420 Job 36 $280 700 392 Job 37 S475 1,050 665 During the month of September, two more jobs were started, Jobs 38 and 39. Materials and labor costs incurred by each job in September are as follows: Materials Direct Labor Job 35 Job 36 Job 37 $400 150 260 800 760 $300 200 150 650 700 nJob 38 ob 39 Jobs 36 and 39 were completed and sold by September 30 Required 1) What are the total costs for each job (35-39) and in total during September? 2) What are the WIP & COGS balances as of September 30

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

Networking is a two-way street. Discuss this statement.

Answered: 1 week ago