Solution 1:
Job Cost Sheet | |||
Job 1 | Job 2 | Job 3 | |
Direct materials | $5,800.00 | $7,800.00 | $2,300.00 |
Direct labor | $11,700.00 | $4,400.00 | $3,400.00 |
Overhead | $2,958.00 | $3,978.00 | $1,173.00 |
Total | $20,458.00 | $16,178.00 | $6,873.00 |
Solution 2:
Dollar amount of work in process inventory at the end of march = Cost of job 1 and job 3 = $20,458 + $6,873 = $27,331
Solution 3:
Dollar amount of finished goods inventory at the end of march = Cost of job 2 = $16,178
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