Question

PR 17-2A Entries and schedules for unfinished jobs and completed jobs Sinatra Industries, Inc., uses a job order cost system. The following data summarize the operations related to production for June 2012, the first month of operations: a. Materials purchased on account, $32,760. b. Materials requisitioned and factory labor used: Job Materials Factory Labor 301 $3,290 $3,080 302 4,025 4,160 303 2,660 2,080 304 9,030 7,640 305 5,740 5,810 306 4,170 3,710 For general factory use 1,200 4,550 c. Factory overhead costs incurred on account, $6,300. d. Depreciation of machinery and equipment, $2,200. e. The factory overhead rate is $58 per machine hour. Machine hours used: Job Machine Hours 301 302 303 304 305 306 Total f. Jobs completed: 301, 302, 303, and 305. g. Jobs were shipped and customers were billed as follows: Job 301, $9,150; Job 302, $12,350; Job 303, $16,600.

Only need # 3&4

Answer 1

job sheet
		Materials	labor	overhead	total
job 301		3,290	3,080	1508	7,878
job 302		4,025	4,160	2204	10,389
job 303		2,660	2,080	1740	6,480
job 304		9,030	7,640	4640	21,310
job305		5,740	5,810	2320	13,870
job 306		4,170	3,710	1508	9,388
total		28,915	26,480	13920	69,315
Entries	Description				Debit	Credit
a.	Raw materials inventory				32,760
	Accounts payable					32,760
b.	Work in process inventory				55,395
	Factory overhead				5750
	Raw materials inventory					30,115
	Factory payroll					31,030
c.	Factory overhead				6,300
	Accounts payable					6,300
d.	Factory overhead				2,200
	Accumulated depreciation					2,200
e.	Work in process inventory				13,920
	Factory overhead					13,920
f.	Finished goods inventory				38,617
	work in process inventory					38,617
g.	Accounts receivable				38100
	sale					38,100
	cost of good sold				32,137
	finished goods inventory					32,137
2)	work in process
	b.	55,395	38,617	f.
	e.	13,920
	bal	30,698
	Finished goods
	f.	38,617	32,137	g.
	bal	6,480
3)	Schedule of unfinished jobs
	job	Direct	direct	FOH	total
		materials	labor
	job 304	9,030	7,640	4640	21,310
	job 306	4,170	3,710	1508	9,388
	Balance in work in process ,april 30				30,698
4)	Schedule of completed jobs
		job	Direct	direct	FOH	total
			materials	labor
		job 303	2,660	2,080	1,740	6,480