The following information relates to the month ended 31 January 2009: Opening inventory: Material inventory $14.920 Work-in-progress: Job A15 Job A16 $21,800 $10,700 The following transactions took place during the month: | 1 (1) $57,000 (2) Purchases of material on credit Material issued to jobs: Job A16 Job A17 Job A18 Job A19 Indirect materials issued: $ 3,800 $17,480 $18,200 $10,520 $ 3,700 (3) Direct Labour: Job A15 Job A16 Job A17 Job A18 Job A19 Direct labour cost is $20 per hour. Indirect labor cost incurred: 90 hours 1,500 hours 1,240 hours 2,100 hours 670 hours $100,000 (4) Factory overhead is applied at the predetermined rate of $25 per direct labour hour. (5) Other actual factory overhead incurred amounted to $36,000. 6 Job A16 needed reworking on some defective units. Direct material amounting to $2.000 and direct labour amounting to $4,800 were incurred to correct these defective units. The defective work was charged against all production. Job A18 involved the manufacture of 100 items. At inspection point, 5 items were unexpectedly rejected and sold for $480 each. The additional costs of replacing these units were charged to the job. The replacement costs for the 5 items amounted to $1,000 for direct material and $2,400 for direct labour- (8) Jobs A15, A16, A17 and A18 were completed during the month. Sales revenue: Job A15 Job A16 Job A18 $ 40,000 $120.000 $100,000 27 BA1262 Cost and Management Accounting SECURITY CLASSIFICATION: OFFICIAL (CLOSED), NON-SENSITIVE Required: Prepare the following: (a) Job Cost Card. (6) Material Inventory, Factory Overhead Control and Work-in-Progress T-Accounts