RafaelRafael

Company produces pipes for concert-quality organs. Each job is unique. In April

20132013,

it completed all outstanding orders, and then, in May

20132013,

it worked on only two jobs, M1 and M2:

Rafael Company, May 2013	Job M1	Job M2
Direct materials	$78,000	$51,000
Direct manufacturing labor	276,000	207,000

Direct manufacturing labor is paid at the rate of

$ 30$30

per hour. Manufacturing overhead costs are allocated at a budgeted rate of

$ 22$22

per direct manufacturing labor-hour. Only Job M1 was completed in May. Read the requirements

LOADING...

.

Requirement 1. Compute the total cost for Job M1.

Job Costs May 2013	Job M1
Total costs

Requirement 2.

1 comma 4001,400

pipes were produced for Job M1. Calculate the cost per pipe. (Round your answer to the nearest whole dollar.)If

1 comma 4001,400

pipes were produced, the cost per each pipe for Job M1 is

$nothing.

Requirement 3. Prepare the journal entry transferring Job M1 to finished goods. (Record debits first, then credits. Exclude explanations from any journal entries.)

Journal Entry
Date		Accounts	Debit	Credit

Requirement 4. What is the ending balance in the Work-in-Process Control account?

RafaelRafael

Company's Work-in-Process Control account has an ending balance of

$nothing

at the end of May

20132013.

Choose from any list or enter any number in the input fields and then continue to the next question.