ezto.mheducation.com C myLU Lu Homework: Job Order Costing Assignment M Question 5 - Homework: Job Order Costing Assignme. Job Order Costing Assignment i Saved Help Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate compl The following information is available for ADT Company, which produces special-order security products and uses a job order costing system. Overhead is applied using a predetermined overhead rate of 55% of direct labor cost. Inventories Beginning of End of period Period Raw materials $ 32, 000 $ 46, 000 Work in process 9, 200 18, 900 Finished goods 57, 000 34, 900 Cost incurred for the period Raw materials purchases $ 173, 000 Factory payroll 150, 000 Factory overhead (actual) Indirect materials used 9, 000 Indirect labor used 34, 500 Other overhead costs 90, 500 1. In the Raw Materials Inventory T-account, insert amounts for beginning and ending balances along with purchases and indirect materials used. Solve for direct materials used in the period. 2. Compute the cost of direct labor used for the period. 3. In the Work in Process Inventory T-account, insert amounts for beginning and ending balances along with direct materials used (from part 1), direct labor used (from part 2), and applied overhead. Solve for cost of goods manufactured in the period. 4. In the Finished Goods Inventory T-account, insert amounts for beginning and ending balances along with cost of goods manufactured (from part 3). Solve for cost of goods sold in the period (do not consider any under- or overapplied overhead). 5. In the Factory Overhead T-account, insert amounts for indirect materials used, indirect labor used, other overhead costs, and applied overhead. Solve for underapplied or overapplied overhead. OCT 1 30 4 MacBook Air DII DD A 20 F7 F8 F9 F10 F3 F4 F5 F6 % & 4 5 6 7 8 9 O N W T Y U P E RView History Bookmarks Window Help Q Mon Oc ezto.mheducation.com myLU Lu Homework: Job Order Costing Assignment M Question 5 - Homework: Job Order Costing Assignme.. M 1 Introduction to International Bus b Order Costing Assignment i Saved Help Save & Exit Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. Return to question 3). Solve for cost of goo Required information Solve for underapplied o Raw Materials Inventory Work in Process Inventory ginning 32,000 Beginning Beginning 9,200 Beginning irchases 173,000 Purchases Direct materials 150,000 Direct materia rect materials 9,000 Indirect materials Direct labor 115,500 Direct labor direct materials 150,000 Direct materials Overhead applied 63,525 Overhead app Cost of goods sold 319,325 Cost of goods manufactured iding 46,000 Ending Ending 338,225 Ending Finished Goods Inventory Factory Overhead ginning 57,000 Beginning Beginning Beginning ist of goods manufactured 319,325 Indirect materials 9,000 ist of goods sold X 341,425 Indirect labor 34,500 Iding 34,900 Ending Other overhead 90,500 Underapplied OH 134,000 Underapplied 2 OCT 30 stv 4 OUGO MacBook Air DII F12 F4 F6 F7 510 F11 F3 F5 F 8 @ O 2 9 A 5 6 7 8 W E R T Y U 0 P S H Kezto.mheducation.com Home | myLU Lu Homework: Job Order Costing Assignment M Question 5 - Homework: Job Order Costing Assig work: Job Order Costing Assignment i Saved Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It doe 4. In the Finished Goods Inventory T-account, insert amounts for beginning and ending balances along with cos manufactured (from part 3). Solve for cost of goods sold in the period (do not consider any under- or overapp 5. In the Factory Overhead T-account, insert amounts for indirect materials used, indirect labor used, other over applied overhead. Solve for underapplied or overapplied overhead. of 4 x Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 3 4 and 5 Required 2 Compute the cost of direct labor used for the period. The cost of direct labor for the period Total factory payroll 150,000 Less indirect labor used V 34,500 Cost of direct labor used $ 115,500 OCT 30 P MacBook Air 20 F5 F7 F3 F4 F6 F8 F2 $ % &View History Bookmarks Window Help EB ezto.mheducation.com C byLU Lu Homework: Job Order Costing Assignment M Question 6 - Homework: Job Order Costing Assignme. b Order Costing Assignment i Saved The following information is available for ADT Company, which produces special-order security products and uses a job order costing system. Overhead is applied using a predetermined overhead rate of 55% of direct labor cost. Inventories Beginning of End of period Period Raw materials $ 32, 000 $ 46, 000 Work in process 9, 200 18, 900 Finished goods 57, 000 34, 900 Cost incurred for the period Raw materials purchases $ 173, 000 Factory payroll 150, 000 Factory overhead (actual) Indirect materials used 9, 000 Indirect labor used 34, 500 Other overhead costs 90 , 500 1. Raw materials purchases for cash. 2. Direct materials used. 3. Indirect materials used. Prepare journal entries for the above transactions for the period. View transaction list Journal entry worksheet 2 OCT 1 30 utv 4 MacBook Air DII DD 20 F7 F8 F9 F2 F3 F4 F5 F6 # %View History Bookmarks Window Help O ezto.mheducation.com yLU Lu Homework: Job Order Costing Assignment M Question 7 - Homework: Job Order Costing Assignme. b Order Costing Assignment i Saved The following information is available for ADT Company, which produces special-order security products and uses a job order costing system. Overhead is applied using a predetermined overhead rate of 55% of direct labor cost. Inventories Beginning of End of period Period Raw materials $ 32, 000 $ 46, 000 Work in process 9 , 200 18, 900 Finished goods 57, 000 34, 900 Cost incurred for the period Raw materials purchases $ 173, 000 Factory payroll 150, 000 Factory overhead (actual) Indirect materials used 9 , 000 Indirect labor used 34, 500 Other overhead costs 90, 500 1. Direct labor used (recorded as factory wages payable). 2. Indirect labor used (recorded as factory wages payable). Prepare journal entries for the above transactions for the period. View transaction list Journal entry worksheet A B 2 OCT 30 as tv 4 O MacBook Air DII DD 80 F7 F8 F9 F2 F3 F4 F5 F6Edit View History Bookmarks Window Help ezto.mheducation.com Home | myLU Lu Homework: Job Order Costing Assignment M Question 8 - Homework: Job Order Costing Assignme. ework: Job Order Costing Assignment i Saved Hel 8 The following information is available for ADT Company, which produces special-order security products and uses a job order costing system. Overhead is applied using a predetermined overhead rate of 55% of direct labor cost. Inventories Beginning of End of 4 of 4 period Period Raw materials $ 32, 000 $ 46, 000 Work in process 9, 200 18, 900 Finished goods 57, 000 34, 900 Cost incurred for the period Raw materials purchases $ 173, 000 Factory payroll 150, 000 Factory overhead (actual) eBook Indirect materials used 9,000 Indirect labor used 34, 500 Hint Other overhead costs 90, 500 Print eferences 1. Incurred other actual overhead costs (all paid in Cash). 2. Applied overhead to work in process. Prepare journal entries for the above transactions for the period. View transaction list Journal entry worksheet C OCT 30 stv 4 MacBook Air 80 888 DII DD E2 F3 F4 F5 F6 F7 F8 59 F10 A CA % & 6 8 O N