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Sheridan Company produces high-quality microscopes for education and health care uses. The company uses a job order costing wstem, Because the microscopes optics require significant

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Sheridan Company produces high-quality microscopes for education and health care uses. The company uses a job order costing wstem, Because the microscopes optics require significant manual labor to ensure adherence to strict manufacturing specifications. the company acplics overhend on the basis of direct labor hours. At the beginning of 2021, the company estimated its manufacturing overtiead would be $1.980,000 and that einglorees would work a total of 49,000 direct labor hours. During March, the company worked on the follawing five jobs: Jots 134 and 15 b were Marted in Janaary, Jobs 212 and 287 were started in February, and Job 301 was started in March. During Mareh.wokners comipleted Jobs 134, 158, and 212 Jobs 134 and 212 were delivered to customers during March. Actualowevend for the nonat of March was $176300. The manufacturing overhead acrount is disposed of annually, not monthly. Calculate the predetermined ovrhead rate used by Sheridan Company in 2021. Predetermined overhead rate /DLH eTextbook and Media Calculate the total manufacturing cost for March. Total Manufacturing Cost Calculate the total cost for each of the five jobs as of March 31. Calculate the cost of goods manufactured for March. Cost of Goods Manufactured eTextbook and Media Calculate the balance in the Work in Process I rventory account as of March 31. Calculate the balance in the Work in Process Inventory account as of March 31 Work in Process Account as of March 31 eTextbook and Media Calculate the Cost of Goods Sold for March. Cost of Goods Sold for March $ eTextbook and Media Calculate the balance in the Finished Goods Inventory account as of March 31. Finished Goods Inventory account as of March 31

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