Tables Revid Charts SmartArt Paragraph AalbCeDdEe List Paragraph 3 5 EL Deen. Company creates, produces, and sells CPA review courses for individual use. The following information is provided: a. Conversion cost was $360,000 and was four times the prime cost b. Direct materials used in production equaled $75,000 c. Cost of goods manufactured was $415,000 d. Beginning work in process is one-half the cost of ending work in process e. There are no beginning or ending inventories for direct materials 1. Cost of goods sold was 90 percent of cost of goods manufactured g. Beginning finished goods inventory was $16,500 Required: 1.) it.) Prepare the cost of goods manufactured for the current year Prepare the cost of goods sold for the current year AalbCcDdEe A- 1. The Kelber Company has two producing departments: assembly and finishing. The company has been using a plantwide predetermined overhead rate based on direct labor hours. The following estimates were made for the current year: Assembly Finishing Total Manufacturing Overhead $200,000 $100,000 $300,000 Direct labor hours 40,000 35,000 75,000 Machine hours 5,000 16,000 21,000 Kelber started and completed Job 1512 during the year. The job-order cost sheet indicated the following: $18,000 Materials Requisitioned Direct labor cost 16,000 Direct labor hours: Assembly 1,700 Hours Finishing 1,300 Hours Machine Hours Assembly 1,000 Hours Finishing 700 Hours A total of 2,000 units were produced on Job 1512. Required: Acme thar Kelherme anlantwidenredetermined verhead hased on direct labor Sec Pages: 1 of 1 Words: 0 of 176 L 2 dl @ OAO PROC K E ments Tables Table Layout Charts SmartArt Paragraph Styles AaBbceDdEe (A BERTAN List Pau 16,000 12345 Direct labor cost Direct labor hours: 1,700 Hours 1,300 Hours Machine Hours 1,000 Hours Finishing 700 Hours A total of 2,000 units were produced on Job 1512. Finishing Assembly . 5. Required: . 1. Assume that Kelber uses a plantwide predetermined overhead based on direct labor hours. Calculate the total cost and the unit cost for each of the 2,000 units produced by Job 1512. 2. Assume that Kelber uses separate departmental overhead rates based upon direct labor hours for assembly and machine hours for finishing. Calculate the total cost and the unit cost for each of the 2,000 units produced by Job 1512