E. Cain, Ltd. produces decorative lamps in several styles and finishes.  The company uses a job order costing system to accumulate product costs. Because much of the production process is automated, E. Cain, Ltd. has selected machine hours as its overhead application base.

In April, E. Cain, Ltd. worked on four jobs. Jobs 78 and 79 were started in March and completed  in April. Job 78 was sold and delivered to customers. Job 80 was started but not completed at the end of  April. Job 81 was started and finished in April, and at the end of April, the lamps from the job had been  delivered to customers.

Required

a. Calculate the total manufacturing cost for April.

b. Calculate the total cost of each of the four jobs as of the end of April.

c. Calculate the balance in the Work in Process Inventory account at the end of March and the end  of April.

d. Calculate the cost of goods manufactured for April.

e. Calculate the Cost of Goods Sold for April.

f. Calculate the Finished Goods Inventory balance at the end of April.

Transcribed Image Text:

78 79 80 81 Costs Added in March Direct materials $14,300 $2,800 Direct labor $16,300 $19,250 $1,250 Overhead $ 500 Machine hours 770 MH 20 MH Costs Added in April $13,000 $20,500 Direct materials $2,500 $3,400 $2,000 $1,500 $4,000 Direct labor $ 500 Machine hours 80 MH 550 MH 40 MH 45 MH