Question

Help Save & Ched On March 1 a dressmaker starts work on three custom-designed wedding dresses. The company uses job order costing and applies overhead to each job (dress) at the rate of 53% of direct materials costs. During the month, the jobs used direct materials as shown below points Jobi Job 2 Job $5,400 57.00 $1,900 During the month, the jobs used direct labor as shown below. Jobs 1 and 3 are not finished by the end of March, and Job 2 is finished but not sold by the end of March, References Direct later used Job I Job 2 Job $9,100 16. 0 $3,600 1. Determine the amounts of direct materials, direct labor, and factory overhead applied that would be reported on job cost sheets for each of the three jobs for March 2. Determine the total dollar amount of Work in Process Irwentory at the end of March 3. Determine the total dollar amount of Finished Goods Inventory at the end of March Assume the company has no beginning Work in Processor Finished Goods entores Complete this question by entering your answers in the tabs below. Required R ed Road 3 Determine the amounts of direct materials, direct labor, and factory overhead applied that would be reported on job cost sheets for each of the three Jobs for March JOB COST SHEET

Answer 1

Date / 00000 RANKA Page Job cost sheet Job1 $5400 $9300 $2862 ($5400X537.) (87Y00X 53%.) Job3 91900 $3600 $1007 ($1900X53%) Joh 2 $7400 $4600 $3922 Divect Material Direct labous. Factouy Ouerhead $15922 $17562 $6507 Total dollar amount in wIP at (2) the end of the month. As only Tob2 is completid by the end only Tabi A Jch3 brınsjeud to to1P Account f Narch Hence cost shall he 20. Ending wEP- $17562+ $6507 $३५०6१ (3) dollar amount in finish Total Goods înventory at the end of March On the same explanahion (2) shall be tranufered to funishod goody înuentery Hence finished goods fnventoly sholl' be $15922 Joh2 cost