3.57 - = $50 4 . d. To complete Job P-43: $108 Material +...

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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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This note was uploaded on 11/25/2010 for the course ACCT 33010 taught by Professor Staff during the Spring '08 term at Kent State.

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3.57 - = $50 4 . d. To complete Job P-43: $108 Material +...

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