Question
The job cost sheet for 1,000 units of toy trucks is: Job Number 555 Date Started 4/13 Date Completed 6/18 Raw Materials Direct Labor Date
The job cost sheet for 1,000 units of toy trucks is:
Job Number 555 | |||||||
Date Started 4/13 | |||||||
Date Completed 6/18 | |||||||
Raw Materials | Direct Labor | ||||||
Date | Type | Cost | Qty. | Amount | Cost | Hours | Amount |
4/13 | 565 | $3 | 1,000 | $3,000 | $18 | 20 | $360 |
5/24 | 889 | 1 | 4,000 | 4,000 | 12 | 10 | 120 |
6/18 | 248 | 2 | 1,000 | 2,000 | 15 | 100 | 1,500 |
Totals |
|
|
| $9,000 |
| 130 | $1,980 |
Total direct materials | $9,000 |
Total direct labor | 1,980 |
Overhead (130 direct labor hours @ $10/hour) | 1,300 |
Total Job Cost | $12,280 |
All of the materials for the job were purchased on 4/10. The batch of 1,000 toy trucks is sold on 7/10.
What are the costs of this job order in the raw materials account, the work-in-process account, the finished goods account, and the cost of goods account on 4/30, 5/31, 6/30 and 7/31?
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