Solution 2:
Particulars | Work In Process | Finished Goods |
Job | Job 122 | Job 121 |
Direct materials | $3,100.00 | $7,300.00 |
Direct labor | $2,400.00 | $4,900.00 |
Overhead | $2,040.00 | $4,165.00 |
Total cost | $7,540.00 | $16,365.00 |
Check my work Exercise 15-5 Manufacturing cost flows LO P1, P2, P3 Custom Cabinetry has one...
Check my work Exercise 15-5 Manufacturing cost flows LO P1, P2, P3 Custom Cabinetry has one job in process (Job 120) as of June 30, at that time, its job cost sheet reports direct materials of $6,100, direct labor of $4,300, and applied overhead of $3,655. Custom Cabinetry applies overhead at the rate of 85% of direct labor cost. During July, Job 120 is sold (on account) for $30,000, Job 121 is started and completed, and Job 122 is started...
Check my work Exercise 15-5 Manufacturing cost flows LO P1, P2, P3 Custom Cabinetry has one job in process (Job 120) as of June 30, at that time, its job cost sheet reports direct materials of $6,100, direct labor of $4,300, and applied overhead of $3,655. Custom Cabinetry applies overhead at the rate of 85% of direct labor cost. During July, Job 120 is sold (on account) for $30,000, Job 121 is started and completed, and Job 122 is started...
Exercise 15-5 Manufacturing cost flows LO P1, P2, P3 Custom Cabinetry has one job in process (Job 120) as of June 30, at that time, its job cost sheet reports direct materials of $8.000 direct labor of $3,400, and applied overhead of $2.720. Custom Cabinetry applies overhead at the rate of 80% of direct labor cost During July, Job 120 is sold on account) for $31.500. Job 121 is started and completed, and Job 122 is started and still in...
Exercise 15-5 Manufacturing cost flows LO P1, P2, P3 Custom Cabinetry has one job in process (Job 120) as of June 30, at that time, its job cost sheet reports direct materials of $8,300, direct labor of $3,900, and applied overhead of $3,510. Custom Cabinetry applies overhead at the rate of 90% of direct labor cost. During July. Job 120 is sold (on account) for $22,000, Job 121 is started and completed, and Job 122 is started and still in...
11 Custom Cabinetry has one job in process (Job 120) as of June 30, at that time, its job cost sheet reports direct materials of $7,500. direct labor of $4,300, and applied overhead of $3,655. Custom Cabinetry applies overhead at the rate of 85% of direct labor cost. During July. Job 120 is sold (on account) for $31.000, Job 121 is started and completed, and Job 122 is started and still in process at the end of the month. Custom...
Check my work Custom Cabinetry has one job in process (Job 120) as of June 30; at that time, its job cost sheet reports direct materials of $7,900, direct labor of $2,800, and applied overhead of $2,520. Custom Cabinetry applies overhead at the rate of 90% of direct labor cost. During July, Job 120 is sold (on account) for $27,000, Job 121 is started and completed, and Job 122 is started and still in process at the end of the...
#11
Custom Cabinetry has one job in process (Job 120) as of June 30: at that time, its job cost sheet reports direct materials of $8.800, direct labor of $4,400, and applied overhead of $3.740. Custom Cabinetry applies overhead at the rate of 85% of direct labor cost During July. Job 120 is sold (on account) for $26.500, Job 121 is started and completed, and Job 122 is started and still in process at the end of the month. Custom...
Custom Cabinetry has one job in process (Job 120) as of June 30; at
that time, its job cost sheet reports direct materials of direct
labor of $4,300 and applied overhead of $3,655. Custom Cabinetry
applies overhead at the rate of 85% of direct labor cost. During
July, Job 120 is sold (on account) for $29,000. Job 121 is started
and completed, and Job 122 is started and still in process at the
end of the month. Custom Cabinetry incurs...
Chapter 15 Homework Custom Cabinetry has one job in process (Job 120) as of June 30, at that time, its job cost sheet reports direct materials of $8,100. direct labor of $3,700, and applied overhead of $2.960. Custom Cabinetry applies overhead at the rate of 80% of direct labor cost. During July, Job 120 is sold on account) for $26.500, Job 121 is started and completed, and Job 122 is started and still in process at the end of the...
Check my work Custom Cabinetry has one job in process (Job 120) as of June 30, at that time, its job cost sheet reports direct materials of $6,300, direct labor of $4,200, and applied overhead of $3,570. Custom Cabinetry applies overhead at the rate of 85% of direct labor cost. During July, Job 120 is sold on account) for $22.000, Job 121 is started and completed, and Job 122 is started and still in process at the end of the...