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 $30,600, direct labour $15,300, and manufacturing overhead $20,800. As of January 1, Job No. 49 had been completed at a cost of $120,000 and was part of finished goods inventory. There was a $25,200 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 $152,300 and $198,800, respectively. The following additional events occurred during the month: 1. Bertrand purchased additional raw materials of $105,000 on account. 2. It incurred factory labour costs of $75,200. Of this amount, $18,000 related to employer payroll taxes. 3. It incurred manufacturing overhead costs as follows: indirect materials $18,000, indirect labour $17,200, depreciation expense $14,300, and various other manufacturing overhead costs on account $22,300. 4. It assigned direct materials and direct labour to jobs as follows: Direct Materials Direct Labour Job No. 50 51 $12,000 42,400 35,100 $7,400 28,500 22,500 52

Answer 1

- 66700 Cast of goods soldi D Job 49 Cost giver) =$120,000 Job 5o Costa Beginning Work in Process Correct material + Disectb bor + manufacturing) (30,600 + 15,300 + 20,800) Direct Material (given) Direct labor (given) overhead @ % of direct labus @ %) Job so total Cost- 12000 7400 Manufacturing on to = Cost Gredit Event Particolay bebit Cast of goods sold[120000+ ] finished good Inventory [to record Cost of goods sold of Jublish Account Receivable 351100 Sales Reuere [152300 +198800) [ło record sales of Job 49 and so 2 351100

Predetermined Overhead Rate : Total Estimated Overhead Cost Total dixect labour Cost X100 ol
the question given by you is incomplete one. To find cost of goods sold value of job50 we need to calculate manufacturing overhead cost. To calculate this we need the information of total estimated overhead rate and total estimated direct labour cost details as show in second screenshot by using that pre determined overhead rate we can calculate the job 50 cost of goods sold value and we can get right ans in journal entry .

So if you provide that missing details of estimated overhead cost and estimated direct labour cost then i can solve the value and repost the answer.

So before giving any kind of rating to my answer please verify the question posted by you iss complete or not. Please kindly consider my request and provide the missing info in comment box.