A company that uses job order costing reports the costs incurred below. Overhead is applied at the rate of 41% of direct materials cost. The company has no beginning Work in Process or Finished Goods inventories. Jobs 1 and 3 are not finished by the end of the month, and Job 2 is finished but not sold by month-end. Direct materials used Direct labor used Job 1 $ 6,300 $ 11,100 Job 2 $ 8,300 $ 5,400 Job 3 $ 2,800 $ 4,400 1. Prepare job cost sheets that have direct materials, direct labor, and overhead applied for each of the three jobs for the month. 2. Determine the total dollar amount of Work in Process Inventory at the end of the month. 3. Determine the total dollar amount of Finished Goods Inventory at the end of the month.

Ivanhoe Company begins operations on April 1. Information from job cost sheets shows the following: Manufacturing Costs Assigned Job Number   April   May   June   Month Completed 10   $6,700   $4,600       May 11   4,400   4,200   $3,200   June 12   1,400           April 13       4,900   3,500   June 14       5,600   3,600   Not complete Each job was sold for 25% above its cost in the month following completion. (a)     Calculate the balance in Work in Process Inventory at the end of each month. Work in Process Inventory       April 30   $enter a dollar amount   May 31   $enter a dollar amount   June 30   $enter a dollar amount

Kansas manufacturing company uses a job-order costing system and started the month of October with a zero balance in its work in process and finished goods inventory accounts. During October, Kansas worked on three jobs and incurred the following direct costs on those jobs:   Job B18 Job B19 Job C11 Direct materials  $13,000 $25,000 $16,000 Direct labor $8,000 $10,000 $5,000 Kansas applies manufacturing overhead at a rate of 200% of direct labor cost. During October, Kansas completed Jobs B18 and B19 and sold Job B19. What is Kansas' work in process inventory balance at the end of October? $31,000 $30,500 $33,000 $43,000 None of the above. Please show your work

How much is total cost of goods manufactured?

Shen Company reports the costs incurred below for the month ended May 31. The company has no beginning Work in Process Inventory. Overhead is applied using a predetermined overhead rate of 120% of direct materials costs. Job 4 was completed and Job 5 is still in process at month-end. Prepare a schedule of cost of goods manufactured for the month. Direct materials used Direct labor used Job 4 $ 1,500 2,100 Job 5 $1,000 200 SHEN COMPANY Schedule of Cost of Goods Manufactured For Month Ended May 31 Direct materials used Direct labor Factory overhead applied Total manufacturing costs Add: Work in process inventory, beginning Total cost of work in process Less: Work in process inventory, ending Cost of goods manufactured $ $ 2,500 2,300 4,800 4,800 4,800

Gadubhai

Please avoid solutions image based thanks

Custom Cabinets Inc. (CCI) uses a job-order costing system. During February and March, only 3 jobs were worked on. Job 1602 was completed on March 15th. The other two jobs were still in process at March 31st, CCI's year-end. Here is a summary of the data from the job cost sheets for the 3 jobs:   Job 1602 Job 1603 Job 1604 February costs incurred:         Direct materials  $          16,000  $            9,000  $                   -     Direct labour              13,500                 7,300                       -     Manufacturing overhead              21,600              11,680                       -   March costs incurred:         Direct materials                       -                   8,400              21,000   Direct Labour                 4,000                 5,800              10,300   Manufacturing overhead  ?   ?   ?  Manufacturing overhead is applied to jobs on the basis of direct labor cost. Balances in the inventory accounts at the end of…