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Rectangular Snia Marigold Fabricators produces protective covers for smart phones. Since the covers must be customized to each smart phone model, Marigold uses a job
Rectangular Snia Marigold Fabricators produces protective covers for smart phones. Since the covers must be customized to each smart phone model, Marigold uses a job order costing system. On September 1, the company reported the following inventory balances: Direct Materials $34,700 Work in Process $149,000 Finished Goods $264.000 During September, the following events occurred: 1. Marigold purchased direct materials costing $421,000 on account. 2. Marigold used $427,000 in direct materials in production. 3. Marigold's employees clocked 24.000 direct labor hours at an average wage rate of $14.83 per direct labor hour. 4. The company incurred $169,000 in manufacturing overhead, including $27,000 in indirect labor costs. 5. Using direct labor hours as the application base, the company applied $163,000 of manufacturing overhead to jobs worked on in September. 6. The company completed production on jobs costing $854,000. 7. The company delivered jobs costing $1,082,000 to customers. Activate Windows Calculate the ending September balance of the Direct Materials, Work in Process, and Finished Goods Inventory accounts. Ending September Balance Direct Materials $ Work in Process A AA $ Finished Goods e Textbook and Media Calculate total manufacturing costs for September. Total manufacturing costs
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