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Question 4 of 4 > -/25 Sheridan Corporation's fiscal year ends on November 30. The following accounts are found in its job order cost accounting

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Question 4 of 4 > -/25 Sheridan Corporation's fiscal year ends on November 30. The following accounts are found in its job order cost accounting system for the first month of the new fiscal year. Other data: 1 2. On December 1. two jobs were in process: Job No. 154 and Job No. 155. These jobs had combined direct materials costs of $9,950 and direct labor costs of $16700. Overhead was applied at a rate that was 75% of direct labor cost. During December, Job Nos. 156, 157, and 158 were started on December 31. Job No. 158 was unfinished. This job had charges for direct materials $4,300 and direct labor $5.300, plus manufacturing overhead. All jobs except for Job No. 158. were completed in December On December 1, Job No, 153 was in the finished goods warehouse. It had a total cost of $5,300 on December 31, Job No 157 was the only job finished that was not sold. It had a cost of $4 100, Manufacturing overhead was $1,045 underapplied in December 3. 4. List the letters (a) through (m) and indicate the amount pertaining to each letter. Raw Materials inventory Dec. 1 Beginning balance 31 Purchases 19,125 Dec 31 Ending balance 8,215 (a) Dec 31 Requisitions 18.350 Work in Process Inventory (b) Dec 31 Jobs completed Dec 1 Beginning balance 31 Direct materials c) 9,100 31 Direct labor 31 Overhead id Dec 31 Ending balance le) Dec 1 Beginning balance Finished Goods Inventory ( Dec 31 Cost of goods sold 0 31 Completed jobs thi Dec.31 Ending balance U Dec 31 Factory wages Factory Labor Dec 31 Wages assigned 12.125 ik) Manufacturing Overhead 3,400 Dec 31 Overhead applied Dec. 31 Indirect materials im 31 Indirect labor (0) 31 Other overhead 1.445 eTextbook and Media Save for Attempts: unlimited Submit Anne

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