The company Belera is a manufacturing company that produces special equipment. June 1, 2018 B/S shows the following balances:

Item Start

4.270 TL

Ministry of Health Application 32,740

SB Actual 36,650

The June 1, 2018 sub-ledgers (job cost tables) show that 3 jobs were performed with the following balances:

Allocated Costs DM DL SB

R 660 320 408

800 548 675

980 580 765

In June, RM purchases on the account were £4,940 and all salaries (including payroll taxes) were paid in cash. Additional SB depreciation has been calculated for the factory equipment of 900 TL, with miscellaneous production costs of 440 TL. A summary of MRSs and LTTs shows the following information.

Allocated Costs DM DL

R 870 850

K 2.000 870

S 560 360

L 1.300 1.260

R 360 390

General Use 1,500 1,208

SB charged jobs at a rate of 1.85 per TL of DL cost. R, S and L works were completed in June and a total of 19,400 TL was sold for cash.

a) Calculate the Work in Progress balance as of June 30.

b) Calculate the FG balance as of June 30.

c) Calculate the balance of the SB account as of June 30.

Answer rating: 100% (QA)

a To calculate the Work in Progress WIP balance as of June 30 we need to determine the total cost of unfinished jobs as of that date We can do this by ... View the full answer