TB MC Qu. 02-95 Job A3B was ordered by a customer on... Job A3B was ordered by a customer on September 25. During the month of September, Jaycee Corporation requisitioned $2,500 of direct materials and used $4,000 of direct labor. The job was not finished by the end of September, but needed an additional $3.000 of direct materials in October and additional direct labor of $6,500 to finish the job. The company applies overhead at the end of each month at a rate of 200% of the direct labor cost. What is the amount of job costs added to Work in Process Inventory during October? Multiple Choice $32,000 $26,500 $37000 $2.500 $16.000 14 Q Search or type URL Saved TB MC Qu. 03-165 Following is a partial process... Following is a partial process cost summary for Mitchell Manufacturing's Canning Department Direct Materials 84,000 Conversion 84,000 Equivalent Units of Production Units Completed and transferred out Units in Ending Work in Process: Direct Materials (6,000 * 100%) Conversion (6,000 * 70%) Equivalent Units of Production 6,000 4,200 88,200 90,000 Cost per Equivalent Unit Costs of beginning work in process Costs incurred this period Total costs Cost per equivalent unit $ 42,600 142,600 $185,200 2.06 per EUP $ 62,600 191,800 $ 254,400 $ 2.88 per EUP $ The total materials costs transferred out of the Canning Department equals: Multiple Choice $185,400 $185,200 W 9 14 Q Search or type URL TB MC Qu. 03-146 Luker Corporation uses a process... Luker Corporation uses a process costing system. The company had $168,500 of beginning Finished Goods Inventory on October 1 transferred in $845,000 of units completed during the period. The ending Finished Goods Inventory balance on October 31 was $166.200 The entry to account for the cost of goods sold in October is: Multiple Choice Debit Cost of Goods Sold $847,300, credit Finished Goods Inventory $847,300, Debit Cost of Goods Sold $845.000 credit Finished Goods Inventory $845,000 Debit Finished Goods inventory $146.200, Credit Cost of Goods Sold $166.200 Debit Finished Goods Inventory $345.000, credit Work in Process inventory $345.000 o Debit Cost of Goods Sold 5047300credit Work in Process inventory 5647.300 W 2 14 0 Q Search or type URL