Answered step by step
Verified Expert Solution
Question
1 Approved Answer
S 15-16 (Algo) Preparing and interpreting job cost sheet LO P1, P2, P3 A company that uses job order coming cons the cos incared below.
S 15-16 (Algo) Preparing and interpreting job cost sheet LO P1, P2, P3 A company that uses job order coming cons the cos incared below. Overhead is applied at the rose of 41% of decimate co The company has no begeveg work nocess of Fished Goods Inventones Jobs 1 and 3 are not finished by the end of the month and Job 26 used but not sold by mond Direct ateriat Director 1 Prepare job cost and that have dre drect labot and overhead applied for each of the three jobs for the month 2. Determine the 10cal coller amount or Mork to Process inventory at a 3. Determine the tool colet cson Finished Goods Inventory at Complete this question by entering your answers in the tabs below the mont end of the month Reque Required 2 Orest mawal Overhead JOB COST MEET Required 2> QS 15-16 (Algo) Preparing and interpreting job cost sheet LO P1, P2, P3 A company that uses job order costing reports the costs incurred below Overhead is applied at the rate of 41% of direct materiais cost The company has no beginning Work in Process or Finished Goods inventones Jobs 1 and 3 are not finished by the end of the month and Job 2 is finished but not sold by month-end Direct materials used Direct labor used $5,800 $11,000 346 2 $7,800 $4,400 1. Prepare job cost sheets that have direct materials, direct labor, and overhead applied for each of the three jobs for the month 2. Determine the total dollar amount of Work In Process inventory at the end of the month 3. Determine the total dollar amount of Finished Goods Inventory at the end of the month Complete this question by entering your answers in the tabs below. Required I Required 21 Required 3 Determine the total dollar amount of Work in Process Inventory at the end of the month. Work in process entity QS 15-16 (Algo) Preparing and interpreting job cost sheet LO P1, P2, P3 A company that uses job order costing reports the costs incurred below. Overead is appled at the rate of 41% of direct materials cost The company has no beginning Work in Process or Finished Goods Inventories Jobs 1 and 3 are not finished by the end of the month and Job 2 is finished but not sold by month-end Direct materials used Direct labor sec 113,000 $4,400 $3,0 1. Prepare job cost sheets that have direct material, drect labor, and overhead aopted for each of the three jobs for the month 2 Determine the total dollar amount of Work in Process Inventory at the end of the morn 3. Determine the total dollar amount of Finished Goods Inventory at the end of the month Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the total dollar amount of Finished Goods Inventory at the end of the enth Finished goods inventory)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started