Question
The following selected data were taken from the books of the Owens O-Rings Company. The company uses job costing to account for manufacturing costs.
The following selected data were taken from the books of the Owens O-Rings Company. The company uses job costing to account for manufacturing costs. The data relate to April operations. (1) Materials and supplies were requisitioned from the stores clerk as follows: Job 405, material X. $7,100. Job 406, material X, $3,100; material Y, $6,100. Job 407, material X, $7,100; material Y, $3,300. For general factory use: materials A, B, and C, $2,400. (2) Time tickets for the month were chargeable as follows: Job 405 $ 11,100 Job 406 $ 14,100 3,100 hours 3,700 hours Job 407 $ 8,100 2,000 hours Indirect labor $ 3,800 (3) Other information: Factory paychecks for $36,800 were issued during the month. Various factory overhead charges of $19,500 were incurred on account. Depreciation of factory equipment for the month was $5,500. Factory overhead was applied to jobs at the rate of $3.30 per direct labor hour. Job orders completed during the month: Job 405 and Job 406. Selling and administrative costs were $2,200. Factory overhead is closed out only at the end of the year. The end of the month Work-in-Process Inventory balance would be: Multiple Choice $89,500. $17,490. $64,400. $25.100
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