Question

Question 5 Bertrand Manufacturing uses a job-order cost system and applies overhead to production on the basis of direct labour costs. On January 1, 2020, Job No. 50 was the only job in process. The costs incurred prior to January 1 on this job were as follows: direct materials $30,000, direct labour $15, and manufacturing overhead $20,200. As of January 1, Job No. 49 had been completed at a cost of $120,200 and was part of finished goods inventory. There was a $25,500 balance in the Raw Materials Inventory account. During the month of January, Bertrand Manufacturing began production on Jobs 51 and 52, and completed Jobs 50 and 51. Jobs 49 and 50 were also sold on account during the month for $152,000 and $199,000, respectively. The following additional events occurred during the month: 1. Bertrand purchased additional raw materials of $100,000 on account. 2. It incurred factory labour costs of $75,400. Of this amount, $18,200 related to employer payroll taxes. 3. It incurred manufacturing overhead costs as follows: indirect materials $18,200, indirect labour $17,100, depreciation expense $14,400, and various other manufacturing overhead costs on account $22,700. 4. It assigned direct materials and direct labour to jobs as follows: Job No. 50 Direct Materials $12,500 42,400 35,200 Direct Labour $7,000 28,100 22,200 51 52

Answer 1

Pageno Aniors d) Journal Entory NO Account Rith 2 Explanation Debit Credit 1 90100 90100 Work in proces inventory Ciasoo tu240g +35200) Raw material inventory (to Recoad the assignment of dizzed mate Cials cost) 2 Work in prous inventory (7000 + 28100 +22200) Factory labout Expense of disuct labour costs) 3 work in procull intentory 57300 57300 to Record the assignment 119751 Hanufacturing Overhead to Recould the assignment of manufacturs Overhead costs) 119757

Pagens Post all costs to job cost sheets al necellary Job No so Date Disut. Haleniall Direct labos Manufacturing overhad Beg $15,200 $30,000 $12,500 $ 20,200 Jan 7000 76.00 $ ५२500 $ 22,200 $ 2.1800 Cost of Completed Jobs Direct materials Direct labor Manufacturing ove sthead 42500 22,200 27800 Total cost Job No si Date Dimard Hateniole Droact lalon Manufacturingoverket Jan ५२५०० 28100 35 20 $ 42400 $ 28100 $ 35200 cort of completed Job Direct materials 42400 Direct labor Hanufacturingoverhead $ 35200 Total Cost 105,700 $ 28100

Pagena na 3 Job No s2 Date bi lisad Material Direct laban Hercubeturingovalkand Jan 35200 30000 30400 $ 35200 to 30 000 $30400 $ 35200 Coat of completed jobs Direct materials Direct labor Manufacturing Overhead $ 30400 Total Cost 95,600 30 000 cet