Question

I Oak Creek Furniture Factory (OCFF, a custom furniture manufacturer, uses job order costing to track the cost of each customer order On March 1 OCFF had two be in process with the following costs Work in Process Job 33 Job 4 0020 Source documents revealed the following during March Job 33 Job 35 3b 35 Requisitos Labor Tin Forns Tickets $ 2, 55,500 3.300 4. 2.100 Statue of Job at Mont Completed and sold Completed, but not sol In pred S . $13.800 The company applios overhead to products at a rate of 60 percent of direct labor cost Required: 1 Compute the cost of Jobs 39,34 and 35 at the end of the month 2 Calculate the balance in the Work in Process Inventory. Finished Goods Inventory, and Cost of Goods Sold accounts at month-end. Complete this question by entering your answers in the tabs below. Compute the cost of Jobs 33. 34 and 35 at the end of the month Total Manufacturing Cost Job 34 Required 2 >

Answer 1

1) Calculate cost

	Job 33	Job 34	Job 35
Beginning balance	5100	4900
Direct material	2600	2200	4900
Direct labor	5500	3300	2100
Applied overhead	3300	1980	1260
Total manufacturing cost	16500	12380	8260

2) Balance

Work in process	8260
Finished goods	12380
Cost of goods sold	16500