XYZ Company uses a job-order costing system. The data on the three jobs worked during the company's first month of operations are shown as follows:

Units of product in the job Direct labour worked Machine-hours worked Direct materials cost Direct labour cost

Job A101

2,000 1,000 1,200

$4,500 $9,600

Job B102

1,800 1,200 1,000

$3,700 $8,000

Job C103

1,500 800 900 $1,400 $7,200

Actual manufacturing overhead costs incurred during the month were $30,000. Manufacturing overhead cost is allocated to production based on machine-hours at a predetermined manufacturing overhead rate of $9 per hour.

Job A101 and B102 were completed during the month. Job C103 was not completed.

Question XYZ Company uses a job-order costing system. The data on the three jobs worked during the company's first month of operations are shown as follows: Job A101 Job B102 Job C103 Units of product in the job Direct labour worked Machine-hours worked Direct materials cost Direct labour cost 2,000 1,000 1,200 $4,500 $9,600 1,800 1,200 1,000 $3,700 $8,000 1,500 800 900 $1,400 $7,200 Actual manufacturing overhead costs incurred during the month were $30,000. Manufacturing overhead cost is allocated to production based on machine-hours at a predetermined manufacturing overhead rate of $9 per hour. Job A101 and B102 were completed during the month. Job C103 was not completed. Required 1. Compute the amount of manufacturing overhead (allocated) costs that would have been charged to each job during the month. 2. Compute the unit cost of jobs A101 and B102. 3. Prepare a journal entry showing the transfer of the completed jobs into the finished goods. 4. Compute the balance in the work-in-process account at the end of the month