Question

Please complete part (c)-(f)

Sunland Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On Januar(b) Your answer is correct. Openjob cost sheets for Jobs 50, 51, and 52. Enter the January 1 balances on the job cost sheet f(c)-(f) (c) (d) Record the purchase of raw materials, the factory labor costs incurred, and the manufacturing overhead costs(c)-(f) (c) (d) Record the purchase of raw materials, the factory labor costs incurred, and the manufacturing overhead costs

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Answer #1
Manufacturing costs Work in
process
inventory
Finished
goods
inventory
Cost of
goods
sold
Raw
materials
inventory
Factory
labor
Manufacturing
overhead
(c ) Purchase raw materials 108900
Incurred factory labor 84700
Factoy depreciation 14520
Other overhead costs 19360
Indirect materials -20570 20570
Indirect labor -24200 24200
(d) Direct materials (12100+47190+36300) -95590 95590
Direct labor (6050+30250+24200) -60500 60500
Assigned overhead (60500*120%) -72600 72600
(Direct labor*120%)
(e) Jobs completed (83490+113740) -197230 197230
(Cost of Job 50 and 51)
(f) Jobs sold (108900+83490) -192390 192390
(Cost of Job 49 and 50)
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