eBook Calculator E Print Item Activity-Based Costing, Unit Cost, Ending Work-in-Process Inventory, Journal Entries Feldspar Company uses an ABC system to apply overhead. There are three activity rates: $20 per setup Setting up Machining $5.20 per machine hour Other overhead 80% of direct labor cost During September, Feldspar worked on three jobs. Data relating to these jobs follow: Job 13-280 Job 13-281 Job 13-282 Units in each order 200 520 100 Units sold 20 100 Materials requisitioned $4,720 $3,700 $5,600 Direct labor cost $2,000 $4,600 $800 Machine hours 100 40 Number of setups 20 15 During September, Jobs 13-280 and 13-282 were completed and transferred to Finished Goods Inventory. Job 13-280 was sold by the end of the month. Job 13-281 was the only unfinished job at the end of the month. 80 25 Required: 1. Calculate the per-wait cost of Jobs 13-280 and 13-282. Round unit cost to nearest cent. Job 13-280 per unit Job 13-282 per unit 2. Compute the ending balance in the work-in-process inventory account. 3. Prepare the journal entries reflecting (a.) the completion of Jobs 13-280 and 13-282 and (b.) the sale of Job 13-280 on account. Make the entry to record the cost of Job 13-280 first, followed by the entry to record the revenue from its sale. The selling price is 150 percent of cost. b (1). b (2)