Adams Company is a manufacturing company that has worked on several production jobs during the first quarter of the year. Below is a list of all the jobs for the quarter:   Balance Job 356 $450     Job 357 1,235     Job 358 378     Job 359 689     Job 360 456     Jobs 356, 357, 358, and 359 were completed. Jobs 356 and 357 were sold at a profit of $500 on each job. What is the ending balance of Work in Process for Adams Company at the end of the first quarter? a.$3,208 b.$2,752 c.$0 d.$456

Sweeten Company had no jobs in progress at the beginning of the year and no beginning inventories. It started, completed, and sold only two jobs during the year-Job P and Job Q. The company uses a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, it estimated that 4,000 machine-hours would be required for the period's estimated level of production. Sweeten also estimated $26,200 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $2.00 per machine-hour. Because Sweeten has two manufacturing departments-Molding and Fabrication-it is considering replacing its plantwide overhead rate with departmental rates that would also be based on machine-hours. The company gathered the following additional information to enable calculating departmental overhead rates: Estimated total machine-hours used Molding Fabrication 2,500 Estimated total fixed manufacturing overhead 1,500 $ 15,450 $ 2.50 $ 10,750 $ 1.70…

Robinson Corporation constructs new homes. Assume that Robinson uses a job-order costing system. During July, the following transactions occurred:Robinson purchased $4,500 of lumber on account.Robinson used $3,750 of lumber in production and incurred 50 hours of direct labor at $15 per hour.Depreciation of $1,500 on equipment used to build new houses was recorded.A house that was completed last period at a cost of $150,000 was sold for $180,000 in cash.The journal entry to record the requisition of lumber for Robinson would include a a. credit to Finished Goods of $3,750. b. debit to Materials Inventory of $3,750. c. debit to Work in Process of $4,500. d. debit to Work in Process of $3,750.

At the end of August, Carrothers Company had completed Jobs 50 and 56. Job 50 is for 200 units, and Job 56 is for 500 units. The following data relate to these two jobs: On August 4, raw materials were requisitioned for production as follows: 400 units for Job 50 at $12 per unit and 900 units for Job 56 at $24 per unit. During August, Carrothers Company accumulated 500 hours of direct labor costs on Job 50 and 1,100 hours on Job 56. The total direct labor was incurred at a rate of $22 per direct labor hour for Job 50 and $22 per direct labor hour for Job 56. The predetermined factory overhead rate is $11.00 per direct labor hour. a.  Determine the balance on the job cost sheets for Jobs 50 and 56 at the end of August. Job 50 $fill in the blank 1 Job 56 $fill in the blank 2 b.  Determine the cost per unit for Jobs 50 and 52 at the end of August. If required, round your answers to the nearest cent. Job 50 $fill in the blank 3 Job 56 $fill in the blank 4

Cao Inc. has worked on the following jobs during the first quarter of the year.  The list of each job along with the balance of the total costs incurred at the end of the quarter is provided below: Job no. Ending Balance Job No. 221 $1,350 Job No. 222 1,270 Job No. 223 1,580 Job No. 224 1,690 Job No. 225 960 During the first quarter, jobs 221, 222, and 223 were completed; jobs 221 and 223 were sold on account for $2,000 and $2,380 respectively. Compute the ending balance of finished goods inventory.  Group of answer choices $2,650 $4,200 $1,270 $2,930

At the end of August, Carrothers Company had completed Jobs 50 and 56. Job 50 is for 200 units, and Job 56 is for 2,000 units. The following data relate to these two jobs: On August 4, raw materials were requisitioned for production as follows: 200 units for Job 50 at $12 per unit and 1,200 units for Job 56 at $10 per unit. During August, Carrothers Company accumulated 600 hours of direct labor costs on Job 50 and 1,100 hours on Job 56. The total direct labor was incurred at a rate of $12 per direct labor hour for Job 50 and $10 per direct labor hour for Job 56. The predetermined factory overhead rate is $15.00 per direct labor hour. a.  Determine the balance on the job cost sheets for Jobs 50 and 56 at the end of August. Job 50 $fill in the blank 1 Job 56 $fill in the blank 2 b.  Determine the cost per unit for Jobs 50 and 52 at the end of August. If required, round your answers to the nearest cent. Job 50 $fill in the blank 3 Job 56 $fill in the blank 4

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Marian Manufacturing (2M) applies manufacturing overhead to jobs based on direct labor costs. For Year 2, 2M estimates its manufacturing overhead to be $424,060 and its direct labor costs to be $815,500. 2M worked on three jobs for the year. Job 2M-1. which was sold during Year 2, had actual direct labor costs of $632.500. Job 2M-2, which was completed but not sold at the end of the year, had actual direct labor costs of $425,500. Job 2M-3, which is still in work-in-process inventory, had actual direct labor costs of $92,000. Actual manufacturing overhead for Year 2 was $632,400. Required: Prepare an entry to allocate over- or underapplied overhead to Work in Process, Finished Goods and Cost of Goods Sold. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. No A Transaction 1 Answer is not complete. General Journal Cost of Goods Sold Finished Goods Inventory Work-in-Process Inventory Manufacturing Overhead Applied 3333…

ces Sweeten Company had no jobs in progress at the beginning of the year and no beginning inventories. It started, completed, and sold only two jobs during the year-Job P and Job Q. The company uses a plantwide predetermined overhead rate based on machine-hours. At the beginning of the year, it estimated that 4,000 machine-hours would be required for the period's estimated level of production. Sweeten also estimated $25,400 of fixed manufacturing overhead cost for the coming period and variable manufacturing overhead of $1.80 per machine-hour. Because Sweeten has two manufacturing departments-Molding and Fabrication-it is considering replacing its plantwide overhead rate with departmental rates that would also be based on machine-hours. The company gathered the following additional information to enable calculating departmental overhead rates: Direct materials Direct labor cost Actual machine-hours used: Molding Fabrication Molding 2,500 Estimated total machine-hours used Estimated…