Question: help Asap Prepare Job-Order Cost Sheets, Predetermined Overhead Rate, Ending Balance of WIP, Finished Goods, and COGS At the beginning of June, Rhone Company had

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help Asap Prepare Job-Order Cost Sheets, Predetermined Overhead Rate, Ending Balance of
WIP, Finished Goods, and COGS At the beginning of June, Rhone Company

Prepare Job-Order Cost Sheets, Predetermined Overhead Rate, Ending Balance of WIP, Finished Goods, and COGS At the beginning of June, Rhone Company had two jobs in process, Job 44 and Job 45, with the following accumulated cost information: Job 45 $1,700 3,400 2,040 $7,140 Direct materials Direct labor Applied overhead Balance, June 1 During June, two more jobs (46 and 47) were started. The following direct materials and direct labor costs were added to the four jobs during the mot of June: Direct materials Job 44 Direct labor $4,800 900 540 $6,240 Job 44 $2,750 Job 45 $7,030 6,340 Job 46 $1,600 Job 47 520 700 At the end of June, Jobs 44, 45, and 47 were completed. Only Job 45 was sold. On June 1, the balance in Finished Goods was zero. Required: 900 $1,850 2. Prepare a brief job-order cost sheet for the four jobs. Show the balance as of June 1 as well as direct materials and direct labor added in June. A overhead to the four jobs for the month of June, and show the ending balances. All amount cells must have an entry; enter zeros as needed. Rhone Company Job-Order Cost Sheets For the Month of June Job 44 Job 45 Beginning balance, June 1 Direct materials Direct labor Applied overhead Total, June 30 3. Calculate the ending balances of Work in Process and Finished Goods as of June 30. Work in Process: Finished Goods: 4. Calculate the Cost of Goods Sold for June. Cost of Goods Sold: Job 46 Job 47

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