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# 3.57 - = \$50 4 d To complete Job P-43 \$108 Material \$200...

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3.57 (50 min) Job costs in a service company Material Inventory Balance 6/1 (given) 920 16 Indirect Materials Purchases (given) 116 314 Requisition Balance 6/30 706 Work-in-Process Inventory (a) Balance 6/1 576 504 Job P-20 (c) (b) Job P-20 170 850 Job P-43 (e) (d) Job P-43 608 (f) New Job P-45 556 Balance 6/30 556 Finished-Goods Inventory Balance 6/1 (\$392 + \$158) 550 (c) Job P-20 504 550 Sold (e) Job P-43 850 Balance 6/30 1,35 4 a. Direct Material + Direct Labor + Applied Overhead = \$174 + \$32 + \$64 + \$84 + [150% + (\$64 + \$84)] = \$57 6 . b. To complete Job P-20: \$68 Direct Labor + (\$68 x 150%) Applied Overhead = \$17 0 . c. Transfer to Finished Goods: Job P-20 Beginning Inventory Cost + Current Cost = \$174 + \$64 + 150%(\$64) + \$170

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Unformatted text preview: = \$50 4 . d. To complete Job P-43: \$108 Material + \$200 Direct Labor + (150% x \$200) Applied Overhead = \$108 + \$200 + \$300 = \$60 8 . 3.57 (continued) e. Transfer of Job P-43: Beginning Inventory Cost + Current Cost = [\$32 + \$84 + 150%(\$84)] + [\$108 + \$200 + 150%(\$200)] = \$85 . f. New Job Cost = Current Charges to WIP less Current Charges for Jobs P-20 and P-43: = Current Material + Direct Labor + Overhead – Job P-20 Current Cost – Job P-43 Current Cost = \$314 + \$408 + \$150%(\$408) – \$170(b)* – \$608(d)* = \$55 6 . *These letters refer to solution parts (b) and (d) above....
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