Homework Answers
1)
Ending work in process:
= $12,000 + $38,000 + $52,000 + $30,400 - $80,000
= $52,400
2)
Direct labour = $12,000
Factory overhead = $12,000 X 80% = $9,600
Cost of direct material charged to Job #23:
= $52,400 - $12,000 - $9,600
= $30,800
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overhead on the basis of direct labor hours. On Jan01, 2017, Job
No. 25 was the only job in process. Costs incurred prior to Jan01
on this job were as follows: direct materials $10,000; direct labor
$6,000; and manufacturing overhead $9,000. Job No. 23 had been
completed at a cost of $42,000 and was part of finished goods
inventory. There was a $5,000 balance...
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