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Wildhorse Corporation's fiscal year ends on November 3 0 . The following accounts are found in its job order cost accounting system for The hrst
Wildhorse Corporation's fiscal year ends on November The following accounts are found in its job order cost accounting system for
The hrst month of the new fiscal year.
Other data:
On December two jobs were in process: Job No and Job No These jobs had combined direct materials costs of
$ and combined direct labor costs of $ Overhead was applied at a rate that was of direct labor cost.
During December, Job Nos. and were started. On December Job No was unfinished. This job had
charges for direct materials $ and direct labor $ plus manufacturing overhead. All jobs, except for Job No
were completed in December.
On December Job No was in the finished goods warehouse. It had a total cost of $ On December Job No
was the only finished job that was not sold. It had a cost of $
Manufacturing overhead was $ underapplied in December.
List the letters a through m and indicate the amount pertaining to each letter.
Dec.
Beginning balance
Purchases
Dec.
Ending balance
Raw Materials Inventory
Dec.
Work in Process Inventory
b
Dee
Sons completed
Requisitions
Dec. Beginning balance
Direct materials
Direct labor
Overhead
Dec. Ending balance
d
e
Finished Goods Inventory
g
Dec. Cost of goods sold
Dec Beginning balance
Jobs completed
Dec. Ending balance
Dec.
Dec. Indirect materials
Indirect labor
Other overhead
Textbook and Media
Save for Later
Factory Labor
Dec.
Wages assigned
Manufacturing Overhead
Dec.
Overhead applied
k
Attemots: of used
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