Jason Company applies overhead costs to products using a pre-determined overhead rate of 150% of direct labor cost. During 2025, Jason Company had the following inventory balances: January 1 $65,000 $33,000 $18,000 ****** Direct materials Work in process Finished goods During 2025, Jason Company had the following costs: Prime costs Conversion costs Production supervisor's salary Depreciation, sales equipment Insurance, factory building.. Advertising sales commissions ent, factory equipment Indirect materials ****. ****** .... December 31 $47,000 $59,000 $24,000 $120,000 $160,000 $ 51,000 $ 18,000 $ 13,000 $ 56,000 $ 74,000 $ 29,000 $ 25,000

The Wooden Chair Group has the following sales and cost data for the year ending 2019: Raw Materials Inventory, beginning Raw Materials Inventory, ending 5,000 6,000 Work in Process Inventory, beginning Work in Process Inventory, ending 11,000 10,000 Finished Goods Inventory, beginning Finished Goods Inventory, ending 5,000 8,000 Selling and administrative expenses Materials Purchased - Lumber Materials Purchased Screws and Glue 19,000 13,000 3,000 Wages - Direct Assembly Workers Wages - Factory Supervisor Wages - Factory Janitor 25,000 3,000 2,000 Sales 220,000 Factory Depreciation 25,000 Factory Utilities Maintenance of Factory 2,000 4,000 Insurance for Factory 1,000 Using the next two pages prepare: 1. A cost of goods manufactured statement 2. An income Statement Sheet2 Sheet3 Sheet1 +. dy

The cost of raw materials purchases for 2019 is?

Jean-Pierre, Inc. makes and sells Fakes. Manufacturing Overhead is applied based on Direct Labor (DL) Hours incurred. Expected DL Hours for October 2023 - 1,800 DL Hours Expected Overhead for October 2023 - $144,000 Beginning and ending inventory balances for October: Materials Inventory 10/1/23 10/31/23 $25,000 28,000 WIP Finished Fakes Inventory $55,000 $22,000 50,000 29,000 During October of 2023: • Jean-Pierre, Inc. purchased $55,000 of Materials Incurred $57,350 of Direct Labor (1,850 DL Hours @ $31 per DL Hour) • . Incurred Manufacturing Overhead totaling $147,000 Required: What is Cost of Goods Manufactured for October 2023? What is Cost of Goods Sold for October 2023 before closing any over/under applied overhead to COGS? What is COGS if any over/under applied overhead is closed to COGS? What is Jean-Pierre, Inc.'s October gross profit if they sold the finished Fakes for $350,000?