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Bunnell Corporation is a manufacturer that uses joborder costing. On January the company's
inventory balances were as follows:
Raw materials $
Work process $
Finished goods $
The company applies overhead cost to jobs on the basis of direct laborhours. For the current year, the
company's predetermined overhead rate of $ per direct laborhour was based on a cost formula
that estimated $ of total manufacturing overhead for an estimated activity level of direct
laborhours. The following transactions were recorded for the year:
a Raw materials were purchased on account, $
b Raw materials used in production, $ All of of the raw materials were used as direct materials.
c The following costs were accrued for employee services: direct labor, $; indirect labor,
$; selling and administrative salaries, $
d Incurred various selling and administrative expenses eg advertising, sales travel costs, and finished
goods warehousing $
e Incurred various manufacturing overhead costs eg depreciation, insurance, and utilities $
f Manufacturing overhead cost was applied to production. The company actually worked direct
laborhours on all jobs during the year.
g Jobs costing $ to manufacture according to their job cost sheets were completed during the
year.
h Jobs were sold on account to customers during the year for a total of $ The jobs cost
$ to manufacture according to their job cost sheets.
What is the ending balance in Raw Materials?
What is the total amount of manufacturing overhead applied to production during the year?
What is the total manufacturing cost added to Work in Process during the year?
What is the ending balance in Work in Process?
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