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round to nearest whole dollar ZUC Corporation started operations this year. As the year went on, they compiled the following information on jobs worked (these
round to nearest whole dollar
ZUC Corporation started operations this year. As the year went on, they compiled the following information on jobs worked (these are the only jobs for the year): Direct Machine Job# Sales Price Direct Labor Job Status Materials hours when sold 751 $2,955 $1,773 48 Complete and sold $13,374 752 $2,665 $1,973 47 Not Complete $13,114 753 $1.110 $ 755 19 Not Complete $5,280 754 $1,974 $1,501 35 Complete and not sold $9,813 ZUC Corporation determined at the beginning of the year that $27 per Machine hour would be an appropriate POHR. As it turns out, throughout the year, overhead incurred totaled $4,345. Over or Under applied overhead is always considered to be immaterial and necessary steps should be taken to close the Overhead account prior to answering the questions below. Make the necessary calculations to determine the following items for the year just ended (round to the nearest whole dollar/input code: 0): Ending balance of Work in process account $ Ending balance of Finished goods account $ Ending balance of Overhead account after closing overhead $ Total Sales $ Total Cost of goods sold after closing overhead $ Gross profit as reported on the Income Statement $ Over/Underapplied overhead (enter overapplied as a positive number and underapplied as a negative number) $ Step by Step Solution
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