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Triple C Ltd. is in the business of manufacturing cabinets, computer stands, and countertops. Most of its jobs are contracts for home builders. The following

Triple C Ltd. is in the business of manufacturing cabinets, computer stands, and countertops. Most of its jobs are contracts for home builders. The following information is available for the month of July:

Costs Incurred to July 1 Added in July
Job Number Direct Materials Direct Labour Direct Materials Direct Labour Status at July 31
101 $9,000 $2,000 $ 0 $1,000 Completed but not sold
103 2,500 1,500 ? ? Not completed
111 600 100 500 3,000 Completed but not sold
115 800 200 Not completed

Activity in accounts:

Opening Account Balance July 1 Purchased in July Issued/Used in July Ending Balance July 31
Direct Materials $3,000 $6,000 $4,900 $ ?
Direct Labour 8,000

On July 1, finished goods inventory consisted of one job, 105, with a total cost of $18,000. This job was sold during July. (Note: Manufacturing overhead is applied at 120% of the direct labour cost.)

Calculate the costs of completed jobs 101 and 111 as at July 31.

Job 101 Job 111
Completed job costs $ $

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