Question No 2:

Wadsworth Machine works collects its cost data by the job order cost accumulation procedure. For job 909 the following data are available

Direct material

9/14 issued ..$500

9/20 issued$331

9/22 issued$100

Direct Labor

Week of sep 20..90hrs @6.20per hr

Week of sep 2670 hrs @7.40per hr

FOH is applied at the rate of $6 per direct labor hour

Requirements

• Enter the appropriate information on a job order cost sheet
• Determine the sales price of the job, assuming that it was contracted with a markup of 60% of cost.

Pass the entries for the job 909 in the journal.