50.1K

Verified Solution

Link Copied!

Oak Creek Furniture Factory (OCFF). a custom furniture manufacturer, uses job order costing to track the cost of each customer order On March 1, OCFF had two jobs in process with the following costs. Balance on 3/1 Work in Process Job 33 Job 34 $ 5,400 3,500 8,9ee $ Source documents revealed the following during March Materials Labor Time Requisitions Forms Tickets Status of Job at Month-End Job. 33 $ 3,380 $ 4,800 Completed and sold Job 34 2,300 4,400 Completed, but not sold Job 35 3,30 3,880 In process Indirect 600 1,700 $ 9,560 $ 14,700 w 9,5ee $ 14,700 The company applies overhead to products at a rate of 55 percent of direct labor cost Required: 1. Compute the cost of Jobs 33, 34, and 35 at the end of the month 2. Calculate the balance in the Work in Process Inventory, Finished Goods Inventory, and Cost of Goods Sold accounts at month-end Complete this question by entering your answers in the tabs below. Required: Required 2 Compute the cost of Jobs 33, 34, and 35 at the end of the month. Total Manufacturing Pro Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the cost of Jobs 33, 34, and 35 at the end of the month Total Manufacturing Cost Job 33 Job 34 Job 35 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the balance in the Work in Process Inventory, Finished Goods Inventory, and cost of Goods Sold accounts at month- end. Work in Process Inventory Finished Goods Inventory Cost of Goods Sold SHE

Answer & Explanation Solved by verified expert

See Answer