Homework Answers
| Job No. | Date | Total cost of Job | Status of Job at | ||
| Started | Finished | Sold | at Ajuly 31 | July 31 | |
| 1 | June 21 | July 16 | July 17 | $ 3,400 | Sold |
| 2 | June 29 | July 21 | july 26 | $ 13,900 | Sold |
| 3 | July 3 | August 11 | August 13 | $ 6,700 | Work in process |
| 4 | July 7 | July 29 | August 1 | $ 4,800 | Finished goods |
| a. | Work in process inventory at July 31 | $ 6,700 | |||
| b. | Finished goods inventory at July 31 | $ 4,800 | |||
| c. | Cost of Goods sold for July |
$ 17,300 ( $ 3,400 + $ 13,900 ) |
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White Trailers" job cost records yielded the following information: Click the icon to view the job...
Root Trailers' job cost records yielded the following information: (Click the icon to view the job...
Root Trailers' job cost records yielded the following information: (Click the icon to view the job cost information.) Data Table Use the dates above to identify the status of each job. Compute the following balances for Root: a. Work-in-Process Inventory at July 31 b. Finished Goods Inventory at July 31 c. Cost of Goods Sold for July Date Job No. Started Sold July 17 Total Cost of Job at July 31 $ 3,400 13,700 Finished July 16 July 21 1...
Best Engine reconditions engines. Its job cost records yield the following information. Best Engine uses a perpetual in...
Best Engine reconditions engines. Its job cost records yield the following information. Best Engine uses a perpetual inventory system Click to view the job order costing records information.) Read the requirements. Requirement 1. Compute Best Engine's cost of (a) Work in Process Inventory at May 31 and June 30, (b) Finished Goods Inventory at May 31 and June 30, and (c) Cost of Goods Sold for May and June Prepare the May schedule first. (Complete only necessary answer boxes. If...
Custom Cabinetry has one job in process (Job 120) as of June 30, at that time,...
Custom Cabinetry has one job in process (Job 120) as of June 30, at that time, its job cost sheet reports direct materials of $6,800, direct labor of $4,400, and applied overhead of $3,740. Custom Cabinetry applies overhead at the rate of 85% of direct labor cost. During July, Job 120 is sold (on account) for $26,000, Job 121 is started and completed, and Job 122 is started and still in process at the end of the month. Custom Cabinetry...
CarNut reconditions engines. Its job cost records yield the following information. CarNut uses a perpetual inventory...
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Exercise 15-5 Manufacturing cost flows LO P1, P2, P3 Custom Cabinetry has one job in process (Job 120) as of June 30, at that time, its job cost sheet reports direct materials of $8.000 direct labor of $3,400, and applied overhead of $2.720. Custom Cabinetry applies overhead at the rate of 80% of direct labor cost During July, Job 120 is sold on account) for $31.500. Job 121 is started and completed, and Job 122 is started and still in...
1) As of the end of June, the job cost sheets at Flight Trailers, Inc., show...
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B White Manufacturing makes carrying cases for portable electronic devices. Its costing records yield the following information: |(Click the icon to view the costing records.) X Х Data Table Read the requirements. White Manufacturing Computation of Work-in-Process Inventory, Finished Goods Inventory, and Cost of Goods Sold Total Total Manufacturing For September and October Job Date Cost of Job Costs Added Date Work-in-Process Inventory Finished Goods Inventory Cost of Goods Sold No. Started Finished Sold at September 30 in October Job...
Data Table A Requirements Total Total Manufacturing Costs Added Job Date Cost of Job No. Started...
Data Table A Requirements Total Total Manufacturing Costs Added Job Date Cost of Job No. Started Finished Sold at October 31 in November 10/03 10/12 10/13 1. Which type of costing system is Clement using? What piece of data did you base your answer on? 2. Use the dates in the table to identify the status of each job at October 31 and November 30. Compute Clement's account balances at October 31 for Work-in-Process Inventory, Finished Goods Inventory, and Cost...
Sloan Manufacturing makes carrying cases for portable electronic devices. Its costing records yield the following information:...
Sloan Manufacturing makes carrying cases for portable electronic devices. Its costing records yield the following information: (Click the icon to view the costing records.) Read the Data Table Requiren er on? Sloan use - leing Total accumula Job Date Requiren Compute Cost of G Goods In label or e No. Started Finished - 31. þry, and hished t select 11/03 11/12 Total Manufacturing Cost of Job Costs Added at November 30 in December $ 1,900 2,000 500 $ 1,700 900...
how do i calculate? Custom Cabinetry has one job in process (Job 120) as of June...
how do i calculate?
Custom Cabinetry has one job in process (Job 120) as of June 30, at that time, its job cost sheet reports direct materials of $7,800, direct labor of $4,000, and applied overhead of $3,400. Custom Cabinetry applies overhead at the rate of 85% of direct labor cost. During July, Job 120 is sold (on account) for $30,500, Job 121 is started and completed, and Job 122 is started and still in process at the end of...
Root Trailers' job cost records yielded the following information: (Click the icon to view the job cost information.) Data Table Use the dates above to identify the status of each job. Compute the following balances for Root: a. Work-in-Process Inventory at July 31 b. Finished Goods Inventory at July 31 c. Cost of Goods Sold for July Date Job No. Started Sold July 17 Total Cost of Job at July 31 $ 3,400 13,700 Finished July 16 July 21 1...
Best Engine reconditions engines. Its job cost records yield the following information. Best Engine uses a perpetual inventory system Click to view the job order costing records information.) Read the requirements. Requirement 1. Compute Best Engine's cost of (a) Work in Process Inventory at May 31 and June 30, (b) Finished Goods Inventory at May 31 and June 30, and (c) Cost of Goods Sold for May and June Prepare the May schedule first. (Complete only necessary answer boxes. If...
Custom Cabinetry has one job in process (Job 120) as of June 30, at that time, its job cost sheet reports direct materials of $6,800, direct labor of $4,400, and applied overhead of $3,740. Custom Cabinetry applies overhead at the rate of 85% of direct labor cost. During July, Job 120 is sold (on account) for $26,000, Job 121 is started and completed, and Job 122 is started and still in process at the end of the month. Custom Cabinetry...
CarNut reconditions engines. Its job cost records yield the following information. CarNut uses a perpetual inventory system. (Click to view the job order costing records information.) Read the requirements Х Data Table Requirement 1. Compute CarNut's cost of (a) Work in Process Inventory at April 30 and May 31, (b) Finished Goods Invent Prepare the April schedule first. (Complete only necessary answer boxes. If a box is not used in the table leave the box emg Total - X Total...
Exercise 15-5 Manufacturing cost flows LO P1, P2, P3 Custom Cabinetry has one job in process (Job 120) as of June 30, at that time, its job cost sheet reports direct materials of $8.000 direct labor of $3,400, and applied overhead of $2.720. Custom Cabinetry applies overhead at the rate of 80% of direct labor cost During July, Job 120 is sold on account) for $31.500. Job 121 is started and completed, and Job 122 is started and still in...
1) As of the end of June, the job cost sheets at Flight Trailers, Inc., show the following total costs accumulated on three custom jobs. Job 202 Job 203 Job 204 Direct materials $ 25,000 $ 59,000 $ 56,000 Direct labor 14,000 26,700 40,000 Overhead 7,000 13,350 20,000 Job 202 was started in production in May and the following costs were assigned to it in May: Direct materials, $13,000; direct labor, $3,600; and overhead, $1,800. Jobs 203 and 204 are...
B White Manufacturing makes carrying cases for portable electronic devices. Its costing records yield the following information: |(Click the icon to view the costing records.) X Х Data Table Read the requirements. White Manufacturing Computation of Work-in-Process Inventory, Finished Goods Inventory, and Cost of Goods Sold Total Total Manufacturing For September and October Job Date Cost of Job Costs Added Date Work-in-Process Inventory Finished Goods Inventory Cost of Goods Sold No. Started Finished Sold at September 30 in October Job...
Data Table A Requirements Total Total Manufacturing Costs Added Job Date Cost of Job No. Started Finished Sold at October 31 in November 10/03 10/12 10/13 1. Which type of costing system is Clement using? What piece of data did you base your answer on? 2. Use the dates in the table to identify the status of each job at October 31 and November 30. Compute Clement's account balances at October 31 for Work-in-Process Inventory, Finished Goods Inventory, and Cost...
Sloan Manufacturing makes carrying cases for portable electronic devices. Its costing records yield the following information: (Click the icon to view the costing records.) Read the Data Table Requiren er on? Sloan use - leing Total accumula Job Date Requiren Compute Cost of G Goods In label or e No. Started Finished - 31. þry, and hished t select 11/03 11/12 Total Manufacturing Cost of Job Costs Added at November 30 in December $ 1,900 2,000 500 $ 1,700 900...
how do i calculate?
Custom Cabinetry has one job in process (Job 120) as of June 30, at that time, its job cost sheet reports direct materials of $7,800, direct labor of $4,000, and applied overhead of $3,400. Custom Cabinetry applies overhead at the rate of 85% of direct labor cost. During July, Job 120 is sold (on account) for $30,500, Job 121 is started and completed, and Job 122 is started and still in process at the end of...
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