Stone Creek Furniture Factory (SCFF), a custom furniture manufacturer, uses job order costing to track the cost of each customer order. On March 1. SCFF had two jobs in process with the following costs:

Source documents revealed the following during March:

The company applies overhead to products at a rate of 75 percent of direct labor cost.

Required:

1. Compute the cost of Jobs 33, 34, and 35 at the end of the month.
2. Calculate the balance in the Work in Process Inventory, Finished Goods Inventory, and Cost of Goods Sold accounts at month-end.

Transcribed Image Text:

Work in Process Job 33 Job 34 Balance on 3/1 $5,000 4,000 $9,000