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Job cost sheets show the following information: Job January February March Sold $1,200 $2,500 4,838 AA2...
1. Job cost sheets show the following information: Job January February March Completed Sold AA2 $2,400 ...
1. Job cost sheets show the following information: Job January February March Completed Sold AA2 $2,400 $1,000 February Not sold AA4 4,836 January February AA5 3,260 February March AA3 3,409 $2,320 April Not sold Total $7,236 $7,669 $2,320 What are the balances in the work in process inventory, finished goods inventory, and cost of goods sold for January, February, and March? Work in Process Finished Goods COGS January $2400 $4836 0 February 3409 ??? $4836 March 5729 ??? 3260 ***Need...
1. Pocono Cement Forms expects $800,000 in overhead during the next year. It does not know...
1. Pocono Cement Forms expects $800,000 in overhead during the next year. It does not know whether it should apply overhead on the basis of its anticipated direct labor hours of 50,000 or its expected machine hours of 25,000. Determine the product cost under each predetermined allocation rate if the last job incurred $1,550 in direct material cost, 102 direct labor hours, and 85 machine hours. Wages are paid at $18 per hour. Cost of Job Labor Hours Machine hours...
Tierney Company begins operations on April 1. Information from job cost sheets shows the following Job...
Tierney Company begins operations on April 1. Information from job cost sheets shows the following Job Number June 10 April $5,700 5,600 1,700 Manufacturing Costs Assigned Month May Completed $4,600 May 4,100 $2,200 June April 4,900 5,200 June 4,300 Not complete 12 14 6,400 Job 12 was completed in April. Job 10 was completed in May. Jobs 11 and 13 were completed in June. Each job was sold for 25% above its cost in the month following completion. What is...
Tiemney Company begins operations on April 1. Information from job cost sheets shows the following Job...
Tiemney Company begins operations on April 1. Information from job cost sheets shows the following Job Number April $5,700 5,600 1,700 Manufacturing Costs Assigned Month May June Completed $4,600 May 4,100 $2,200 June April 4,900 5,200 June 6,400 4,300 Not complete Job 12 was completed in April Job 10 was completed in May, Jobs 11 and 13 were completed in June. Each job was sold for 25% above its cost in the month following completion What is the balance in...
Laubitz Company begins operations on April 1. Information from job cost sheets shows the following: Manufacturing...
Laubitz Company begins operations on April 1. Information from job cost sheets shows the following: Manufacturing Costs Assigned Job Number May June April $6,600 Month Completed May 10 $4,400 11 4,300 3,900 $3,000 June 12 1,200 April 13 3,400 June 4,700 5,600 14 3,800 Not complete Each job was sold for 25% above its cost in the month following completion. Calculate the balance in Work in Process Inventory at the end of each month. Work in Process Inventory April 30...
Example 5: Hanover Manufacturing begins operations on April 1. Information from job cost sheets shows the...
Example 5: Hanover Manufacturing begins operations on April 1. Information from job cost sheets shows the following: Manufacturing Costs Assigned (non-cumulative) Job April May June 15 $10,200 16 5,100 $6,400 3,600 5,900 $4,000 7,300 7,400 20 3,100 18 19 Job 15 was completed in April. Job 16 was completed in May. Job 18 was completed in June. Each job was sold in the month following completion Page 4 of 8 Instructions: Determine the following amounts: Work in process inventory, April...
Sheffield Company begins operations on April 1. Information from job cost sheets shows the following. Job...
Sheffield Company begins operations on April 1. Information from job cost sheets shows the following. Job Number © April $6,100 5,900 1,400 Manufacturing Costs Assigned Month May June Completed $6,200 May 5,800 $3,800 June April 5,100 5,600 June 6,800 4,600 Not complete NM + Job 12 was completed in April. Job 10 was completed in May. Jobs 11 and 13 were completed in June. Each job was sold for 25% above its cost in the month following completion. What is...
Tierney Company begins operations on April 1. Information from job cost sheets shows the following. Manufacturing...
Tierney Company begins operations on April 1. Information from job cost sheets shows the following. Manufacturing Costs Assigned Job Number April May June Completed 10 $5,200 $4,400 May 11 4,100 3,900 $2,000 June 12 1,200 April 13 4,700 4,500 June 14 5,900 3,600 Not complete Job 12 was completed in April. Job 10 was completed in May. Jobs 11 and 13 were completed in June. Each job was sold for 25% above its cost in the month following completion. Instructions...
Tierney Company begins operations on April 1. Information from job cost sheets shows the following. Manufacturing...
Tierney Company begins operations on April 1. Information from job cost sheets shows the following. Manufacturing Costs Assigned Job Month Number April MayJune Completed 10 $6,800 $5,000 11 6,000 5,300 $ 2.600 June 12 13 14 May 2,300 April 5,300 5,600 June 6,600 4,600 Not complete Job 12 was completed in April. Job 10 was completed in May. Jobs 11 and 13 were completed in June. Each job was sold for 25% above its cost in the month following completion....
Job Exercise 2-10 (Video) Tierney Company begins operations on April 1. Information from job cost sheets...
Job Exercise 2-10 (Video) Tierney Company begins operations on April 1. Information from job cost sheets shows the following. Manufacturing Costs Assigned Month Number April May June Completed $7,200 $5,700 May 5,700 4,300 $3,600 June 1,600 April 6,000 5,500 June 6,100 3,000 Not complete Job 12 was completed in April. Job 10 was completed in May. Jobs 11 and 13 were completed in June. Each job was sold for 25% above its cost in the month following completion. What is...
Tierney Company begins operations on April 1. Information from job cost sheets shows the following Job Number June 10 April $5,700 5,600 1,700 Manufacturing Costs Assigned Month May Completed $4,600 May 4,100 $2,200 June April 4,900 5,200 June 4,300 Not complete 12 14 6,400 Job 12 was completed in April. Job 10 was completed in May. Jobs 11 and 13 were completed in June. Each job was sold for 25% above its cost in the month following completion. What is...
Tiemney Company begins operations on April 1. Information from job cost sheets shows the following Job Number April $5,700 5,600 1,700 Manufacturing Costs Assigned Month May June Completed $4,600 May 4,100 $2,200 June April 4,900 5,200 June 6,400 4,300 Not complete Job 12 was completed in April Job 10 was completed in May, Jobs 11 and 13 were completed in June. Each job was sold for 25% above its cost in the month following completion What is the balance in...
Laubitz Company begins operations on April 1. Information from job cost sheets shows the following: Manufacturing Costs Assigned Job Number May June April $6,600 Month Completed May 10 $4,400 11 4,300 3,900 $3,000 June 12 1,200 April 13 3,400 June 4,700 5,600 14 3,800 Not complete Each job was sold for 25% above its cost in the month following completion. Calculate the balance in Work in Process Inventory at the end of each month. Work in Process Inventory April 30...
Example 5: Hanover Manufacturing begins operations on April 1. Information from job cost sheets shows the following: Manufacturing Costs Assigned (non-cumulative) Job April May June 15 $10,200 16 5,100 $6,400 3,600 5,900 $4,000 7,300 7,400 20 3,100 18 19 Job 15 was completed in April. Job 16 was completed in May. Job 18 was completed in June. Each job was sold in the month following completion Page 4 of 8 Instructions: Determine the following amounts: Work in process inventory, April...
Sheffield Company begins operations on April 1. Information from job cost sheets shows the following. Job Number © April $6,100 5,900 1,400 Manufacturing Costs Assigned Month May June Completed $6,200 May 5,800 $3,800 June April 5,100 5,600 June 6,800 4,600 Not complete NM + Job 12 was completed in April. Job 10 was completed in May. Jobs 11 and 13 were completed in June. Each job was sold for 25% above its cost in the month following completion. What is...
Tierney Company begins operations on April 1. Information from job cost sheets shows the following. Manufacturing Costs Assigned Job Month Number April MayJune Completed 10 $6,800 $5,000 11 6,000 5,300 $ 2.600 June 12 13 14 May 2,300 April 5,300 5,600 June 6,600 4,600 Not complete Job 12 was completed in April. Job 10 was completed in May. Jobs 11 and 13 were completed in June. Each job was sold for 25% above its cost in the month following completion....
Job Exercise 2-10 (Video) Tierney Company begins operations on April 1. Information from job cost sheets shows the following. Manufacturing Costs Assigned Month Number April May June Completed $7,200 $5,700 May 5,700 4,300 $3,600 June 1,600 April 6,000 5,500 June 6,100 3,000 Not complete Job 12 was completed in April. Job 10 was completed in May. Jobs 11 and 13 were completed in June. Each job was sold for 25% above its cost in the month following completion. What is...
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