A company that uses job order costing reports the costs incurred below. Overhead is applied at...

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A company that uses job order costing reports the costs incurred below. Overhead is applied at the rate of 44% of direct materials cost. The company has no beginning Work in Process or Finished Goods inventories. Jobs 1 and 3 are not finished by the end of the month, and Job 2 is finished but not sold by month-end. Direct materials used Direct labor used Job 1 $5,400 $ 10,400 1. Prepare job cost sheets that have direct materials, direct labor, and overhead applied for each of the three jobs for the month. 2. Determine the total dollar amount of Work in Process Inventory at the end of the month. 3. Determine the total dollar amount of Finished Goods Inventory at the end of the month. Direct materials Direct labor Overhead Total Job 2 $ 7,400 $ 4,200 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare job cost sheets that have direct materials, direct labor, and overhead applied for each of the three jobs for the month. JOB COST SHEET Job 1 Required 3 $ Job 3 $ 1,900 $ 3,200 0 $ Required 1 Job 2 0 $ Job 3 0 Required 2 > A company that uses job order costing reports the costs incurred below. Overhead is applied at the rate of 44% of direct materials cost. The company has no beginning Work in Process or Finished Goods inventories. Jobs 1 and 3 are not finished by the end of the month, and Job 2 is finished but not sold by month-end. Direct materials used Direct labor used Job 1 $5,400 Job 2 $ 7,400 $ 10,400 $ 4,200 Job 3 $ 1,900 $ 3,200 1. Prepare job cost sheets that have direct materials, direct labor, and overhead applied for each of the three jobs for the month. 2. Determine the total dollar amount of Work in Process Inventory at the end of the month. 3. Determine the total dollar amount of Finished Goods Inventory at the end of the month. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the total dollar amount of Work in Process Inventory at the end of the month. Work in process inventory < Required 1 Required 3 > A company that uses job order costing reports the costs incurred below. Overhead is applied at the rate of 44% of direct materials cost. The company has no beginning Work in Process or Finished Goods inventories. Jobs 1 and 3 are not finished by the end of the month, and Job 2 is finished but not sold by month-end. Direct materials used Direct labor used Job 1 Job 2 $ 5,400 $ 7,400 $ 10,400 $ 4,200 Job 3 $1,900 $ 3,200 1. Prepare job cost sheets that have direct materials, direct labor, and overhead applied for each of the three jobs for the month. 2. Determine the total dollar amount of Work in Process Inventory at the end of the month. 3. Determine the total dollar amount of Finished Goods Inventory at the end of the month. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the total dollar amount of Finished Goods Inventory at the end of the month. Finished goods inventory A company that uses job order costing reports the costs incurred below. Overhead is applied at the rate of 44% of direct materials cost. The company has no beginning Work in Process or Finished Goods inventories. Jobs 1 and 3 are not finished by the end of the month, and Job 2 is finished but not sold by month-end. Direct materials used Direct labor used Job 1 $5,400 $ 10,400 1. Prepare job cost sheets that have direct materials, direct labor, and overhead applied for each of the three jobs for the month. 2. Determine the total dollar amount of Work in Process Inventory at the end of the month. 3. Determine the total dollar amount of Finished Goods Inventory at the end of the month. Direct materials Direct labor Overhead Total Job 2 $ 7,400 $ 4,200 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Prepare job cost sheets that have direct materials, direct labor, and overhead applied for each of the three jobs for the month. JOB COST SHEET Job 1 Required 3 $ Job 3 $ 1,900 $ 3,200 0 $ Required 1 Job 2 0 $ Job 3 0 Required 2 > A company that uses job order costing reports the costs incurred below. Overhead is applied at the rate of 44% of direct materials cost. The company has no beginning Work in Process or Finished Goods inventories. Jobs 1 and 3 are not finished by the end of the month, and Job 2 is finished but not sold by month-end. Direct materials used Direct labor used Job 1 $5,400 Job 2 $ 7,400 $ 10,400 $ 4,200 Job 3 $ 1,900 $ 3,200 1. Prepare job cost sheets that have direct materials, direct labor, and overhead applied for each of the three jobs for the month. 2. Determine the total dollar amount of Work in Process Inventory at the end of the month. 3. Determine the total dollar amount of Finished Goods Inventory at the end of the month. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the total dollar amount of Work in Process Inventory at the end of the month. Work in process inventory < Required 1 Required 3 > A company that uses job order costing reports the costs incurred below. Overhead is applied at the rate of 44% of direct materials cost. The company has no beginning Work in Process or Finished Goods inventories. Jobs 1 and 3 are not finished by the end of the month, and Job 2 is finished but not sold by month-end. Direct materials used Direct labor used Job 1 Job 2 $ 5,400 $ 7,400 $ 10,400 $ 4,200 Job 3 $1,900 $ 3,200 1. Prepare job cost sheets that have direct materials, direct labor, and overhead applied for each of the three jobs for the month. 2. Determine the total dollar amount of Work in Process Inventory at the end of the month. 3. Determine the total dollar amount of Finished Goods Inventory at the end of the month. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Determine the total dollar amount of Finished Goods Inventory at the end of the month. Finished goods inventory

Answer rating: 100% (QA)

Lets calculate the cost of each job and then determine the total Finished Goods Inventory ... View the full answer