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The total cost for job 78 is 6832.8 for job 79 is 6527.4 for job 80 is 9295. This is what I got for the
The total cost for job 78 is 6832.8
for job 79 is 6527.4
for job 80 is 9295.
This is what I got for the three jobs.
Job Costs, Ending Work in Process During March, Aragon Company worked on three jobs. Data relating to these three jobs follow: Job 78 Job 79 Job 80 Units in each order 240 260 220 220 Units sold Materials requisitioned Direct labor hours $1,632 264 $1,034 242 $2,782 390 Direct labor cost $3,168 $3,630 $3,510 Overhead is assigned on the basis of direct labor hours at a rate of $7.70 per direct labor hour. During March, Jobs 78 and 79 were completed and transferred to Finished Goods Inventory. Job 79 was sold by the end of the month. Job 80 was the only unfinished job at the end of the month. Required: 1. Calculate the per-unit cost of Jobs 78 and 79. Round your answers to the nearest cent. Job 78 28.5 X per unit Job 79 $ 29.7 X per unit 2. Compute the ending balance in the work-in-process inventory account. Round your answer to the nearest cent. $ 35.8 3. Prepare the journal entries reflecting the completion of Jobs 78 and 79 and the sale of Job 79. The selling price is 130 percent of cost. Round your answers to the nearest cent. 13,360.2 Completion of Finished Goods Jobs 78 & 79 Work in Process 13,360.2 Sale of Job 79 (cost) Cost of Goods Sold 6,527.4 Finished Goods 6,527.4 Sale of Job 79 (sale) Accounts Receivable or Cash 8,485.6 x Sales Revenue 8,485.6 x Feedback Check My Work 3. The costs of a completed job are transferred from the work-in-process inventory account to the finished goods inventory account. When a job is shipped to a customer, the cost of the finished job becomes the cost of the goods sold. There will be two journal entries to show that the job was sold and billed to customer. Feedback Check My Work Partially correctStep by Step Solution
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