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Reyes Manufacturing Company uses a job order cost system. At the beginning of January, the company had one job in process (Job 201) and one job completed but not yet sold (Job 200). Job 202 was started during January. Other select account balances follow (ignore any accounts that are not listed). During January, the company had the following transactions: (a) Purchased $61,000 worth of materials on account (b) Recorded materials issued to production as follows: Job Number 201 202 Indirect materials Total Cost $ 12,000 21,300 6,500 $ 39,800 (c) Recorded factory payroll costs from direct labor time tickets that revealed the following: Job Number 201 Hours 118 395 202 Total Cost S 2,900 10.900 4.100 $ 17,900 Factory supervision (d) Applied overhead to production at a rate of $29.00 per direct labor hour for 513 actual direct labor hours. (0) Recorded the following actual manufacturing overhead costs: Item Factory rent Depreciation Factory utilities Factory insurance Total Cost $ 2,500 4,800 4,300 3,000 $14,600 Description Paid in cash Factory equipment Incurred but not paid Prepaid policy (1) Completed Job 201 and transferred it to Finished Goods Inventory. (g) Sold Job 200 for $51,700. Job 202 was still in process at the end of January Required: 1 Post the needing transactions to T-arounts (Note: Capture the offsetting of dehits and credits to other accounts such as Cash Payables Accumulated Depreciation and so on in Miscellaneous Accounts Required: 1. Post the preceding transactions to T-accounts. (Note: Capture the offsetting of debits and credits to other accounts such as Cash, Payables, Accumulated Depreciation, and so on in Miscellaneous Accounts.) Raw Materials Inventory 3 9,000 Work in Process Inventory 21,500 1 1/ 31/1 Cost of Goods Sold Finished Goods Inventory 22,000 31/1 31/1 Manufacturing Overhead Sales Revenue 1/1 31/1 Miscellaneous Accounts (Cash, Payables, etc.) 2. Compute the ending balance in the following accounts: Raw Materials Inventory Work in Process Inventory Finished Goods Inventory Cost of Goods Sold (unadjusted) Manufacturing Overhead e 3. Compute the total cost of Jobs 201 and 202 at the end of January Total Cost of Job Job Number 201 202 References eBook & Resources Worksheet Difficulty: 3 Hard Learning Objective: 02-04 Describe how costs flow through the accounting system in job order costing. E2-18 Recording Manufacturing Costs [LO 2-3,2-4, 2-5] Learning Objective: 02-03 Calculate a predetermined overhead rate and use it to apply manufacturing overhead cost to jobs. Learning Objective: 02-05 Calculate and dispose of overapplied or underapplied manufacturing overhead

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