Q1. Carter Packaging Company is engaged in the business ofproducing customized tins for its corporate clients. Themanufacturing facility is located in North Hamsphire, Olton.
On March 31, 2018 Boost Drinks Limited ordered 3000 tin cans tobe supplied before April 16, 2008. The order is named as Job # 2& was completed on April 11, 2008 and transferred to thewarehouse. On April 14 the goods were shipped to the customer at atotal prices of Cost + 25%.
Additional information:
1. Raw material was purchased for $ 13000. Out of this 22% wasallocated to Job # 2B
2. Labor costs $9 per hour. Each tin requires 30 minutes tocomplete.
3. Supervision cost amounted to 400 for Job # 2B.
4. Machine and building depreciation were 1200 and 2000respectively. 40% is allocated to the job # 2B.
Required:
You are required
1. Prepare a Job Order Cost Sheet for Job # 2B.
2. Pass Necessary Journal entries in the books of CarterPackaging Company
3. Prepare the FOH Control and Work in Process account for theJob # 2B.
