soncmg.com/api/v1/print/accounting JUU 4. Richard Company produces pipes for concert-quality organs. Each job is unique. In April 2016. It completed all outstanding orders, and then, in May 2016, it worked on only two jobs, M1 and M2 (Click the icon to view the job information.) Direct manufacturing labor is paid at the rate of $24 per hour. Manufacturing overhead costs are located at a budete cate of $18 per direct manufacturing labor hour. Only Job M1 was completed in May. Read the requirements Requirement 1. Compute the total cost for Job M1 Job M1 Job Costs May 2016 (1) Direct materials (2) Direct manufacturing labor rate (3) Direct manufacturing labor 11250 Total costs Requirement 2. 1.500 pipes were produced for Job M1. Calculate the cost per pipe (Round your answer to the nearest whole dollar) 1,500 pipes were produced, the cost per each pipe for Job M1 is $ Requirement 3. Prepare the journal entry transferring Job M1 to finished goods (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Accounts Date Debit Requirement 4. What is the ending balance in the Work in Process Control account? Richard Company's Work in Process Control account has an ending balance of at the end of May 2016 1: Data Table Richard Company, May 2016 Direct materials Direct manufacturing labor Job M1 $ 74,000 270.000 Job M2 $ 59.000 204.000 2: Requirements 1. Calculate the total cost for Job M1 2. 1.500 pipes were produced for Job M1. Calculate the cost per pipe 3. Prepare the journal entry transferring Job M1 to finished goods. 4. What is the ending balance in the Work-in-Process Control account? soncmg.com/api/v1/print/accounting JUU 4. Richard Company produces pipes for concert-quality organs. Each job is unique. In April 2016. It completed all outstanding orders, and then, in May 2016, it worked on only two jobs, M1 and M2 (Click the icon to view the job information.) Direct manufacturing labor is paid at the rate of $24 per hour. Manufacturing overhead costs are located at a budete cate of $18 per direct manufacturing labor hour. Only Job M1 was completed in May. Read the requirements Requirement 1. Compute the total cost for Job M1 Job M1 Job Costs May 2016 (1) Direct materials (2) Direct manufacturing labor rate (3) Direct manufacturing labor 11250 Total costs Requirement 2. 1.500 pipes were produced for Job M1. Calculate the cost per pipe (Round your answer to the nearest whole dollar) 1,500 pipes were produced, the cost per each pipe for Job M1 is $ Requirement 3. Prepare the journal entry transferring Job M1 to finished goods (Record debits first, then credits. Exclude explanations from any journal entries.) Journal Entry Accounts Date Debit Requirement 4. What is the ending balance in the Work in Process Control account? Richard Company's Work in Process Control account has an ending balance of at the end of May 2016 1: Data Table Richard Company, May 2016 Direct materials Direct manufacturing labor Job M1 $ 74,000 270.000 Job M2 $ 59.000 204.000 2: Requirements 1. Calculate the total cost for Job M1 2. 1.500 pipes were produced for Job M1. Calculate the cost per pipe 3. Prepare the journal entry transferring Job M1 to finished goods. 4. What is the ending balance in the Work-in-Process Control account