Concord Fabricators produces protective covers for smart phones. Since the covers must be customized to each...

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Concord Fabricators produces protective covers for smart phones. Since the covers must be customized to each smart phone model, Concord uses a job order costing system. On September 1, the company reported the following inventory balances: Direct Materials $8,500 Work in Process $33,600 Finished Goods $54,200 During September, the following events occurred: Concord purchased direct materials costing $374,000 on account. Concord used $366,000 in direct materials in production. 1. 2. 3. Concord's employees clocked 20,000 direct labor hours at an average wage rate of $15 per direct labor hour. The company incurred $428,000 in manufacturing overhead, including $77,200 in indirect labor costs. Using direct labor hours as the application base, the company applied $420,000 of manufacturing overhead to jobs worked on in September. 4. 5. The company completed production on jobs costing $1,040,000. The company delivered jobs costing $990,000 to customers. 6. 7. Calculate the ending September balance of the Direct Materials, Work in Process, and Finished Goods Inventory accounts. Ending September Balance %24 Direct Materials 2$ Work in Process %24 Finished Goods eTextbook and Media Assistance Used Your answer is incorrect. Calculate total manufacturing costs for September. Total manufacturing costs %24 Concord Fabricators produces protective covers for smart phones. Since the covers must be customized to each smart phone model, Concord uses a job order costing system. On September 1, the company reported the following inventory balances: Direct Materials $8,500 Work in Process $33,600 Finished Goods $54,200 During September, the following events occurred: Concord purchased direct materials costing $374,000 on account. Concord used $366,000 in direct materials in production. 1. 2. 3. Concord's employees clocked 20,000 direct labor hours at an average wage rate of $15 per direct labor hour. The company incurred $428,000 in manufacturing overhead, including $77,200 in indirect labor costs. Using direct labor hours as the application base, the company applied $420,000 of manufacturing overhead to jobs worked on in September. 4. 5. The company completed production on jobs costing $1,040,000. The company delivered jobs costing $990,000 to customers. 6. 7. Calculate the ending September balance of the Direct Materials, Work in Process, and Finished Goods Inventory accounts. Ending September Balance %24 Direct Materials 2$ Work in Process %24 Finished Goods eTextbook and Media Assistance Used Your answer is incorrect. Calculate total manufacturing costs for September. Total manufacturing costs %24

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