The company applies overhead to products at a rate of 60 percent of direct labor cost.

Required:

1. Compute the cost of Jobs 33, 34, and 35 at the end of the month.

2. Calculate the balance in the Work in Process Inventory, Finished Goods Inventory, and Cost of Goods Sold accounts at month-end.

Oak Creek Furniture Factory (OCFF), a custom furniture manufacturer, uses job order costing to track the cost of each customer order. On March 1, OCFF had two jobs in process with the following costs: Work in Process Job 33 Job 34 Balance on 3/1 $ 5,900 4,700 $ 10,600 Source documents revealed the following during March: Materials Requisitions Labor Time Forms Tickets Status of Job at Month-End Job 33 $ 3,400 $ 5,800 Completed and sold Job 34 2,300 3,500 Completed, but not sold Job 353 ,100 2,900 In process Indirect 900 1,700 $ 9,700 $ 13,900