Question: Hi, I am working on a class assignment, but I am a little stumped. I need help finishing the job cost sheet (the two last

Hi, I am working on a class assignment, but I am a little stumped. I need help finishing the job cost sheet (the two last pictures) and making T-accounts for those entries. I filled out what i can on the Job Cost sheet and as for the t accounts, I am having trouble making those based off the assignment. I I provided attachments of the whole assignment but I just need help with those two things. Basically, we need to look at the Source Documents and fill those into the job cost sheet and from there, we need to make t accounts. Thank you!  Hi, I am working on a class assignment, but I am
a little stumped. I need help finishing the job cost sheet (the
two last pictures) and making T-accounts for those entries. I filled out
what i can on the Job Cost sheet and as for the
t accounts, I am having trouble making those based off the assignment.

and prints soft T-shirts. All shirts go through two production departments. The pre-cut strips irst sewed together in the Sewing department (SEW) and then a design is hot ironed onto the Panther Tees sews t-shirt in the Ironing department (IRON). The company uses a The rate for SEW is $12.00 per direct labor Company policy is to close any over- or month normal, job-order costing system, and overhead is applied using two departmental rates. hour (DLH) and the rate for IRON is $9.50 per machine hour (MH) underapplied overhead directly to Cost of Goods Sold at the end of each n this packet are job cost reports and copies of selected source documents for the month of September. At the During September, two beginning of the additional jobs were started (#203 and A204). month, two Jobs were already in production (#201 and "202 Required: 1. Complete the company's Job Cost Reports using the information provided in the packet. 2. Calculate the following amounts for the month of September:(type) Ending Work-in-Process balance Cost of goods manufactured Over-/underapplied overhead Cost of goods sold AFTER adjusting for any over-/underapplied overhead for September. The company's income tax rate is 40% Een 3. Prepare an income stat 4. Answer the following questions(ype Why wou overhead rate? ld a business choose to use a predetermined (estimated) overhead rate instead of an actual . A more accurate method for disposing of over-/underapplied overhead is to prorate it among work-in- process inventories, finished goods inventories and Cost of Goods Sold. Do you think Panther Tees is justified in using the direct write-off approach instead? Why or why not? 5. Turn in the following Completed job cost reports Answers to parts 2, 3, and 4 (must be typed) All supporting calculations (may be handwritten) 6. Turn in group evaluation (if applicable) - 1 per person. For each person in your group (including yourself), evaluate participation as follows: 4 - did at least their fair share 3 - did slightly less than their fair share 2 - did significantly less than their fair share 1 - meant to participate but never showed up 0- who? and prints soft T-shirts. All shirts go through two production departments. The pre-cut strips irst sewed together in the Sewing department (SEW) and then a design is hot ironed onto the Panther Tees sews t-shirt in the Ironing department (IRON). The company uses a The rate for SEW is $12.00 per direct labor Company policy is to close any over- or month normal, job-order costing system, and overhead is applied using two departmental rates. hour (DLH) and the rate for IRON is $9.50 per machine hour (MH) underapplied overhead directly to Cost of Goods Sold at the end of each n this packet are job cost reports and copies of selected source documents for the month of September. At the During September, two beginning of the additional jobs were started (#203 and A204). month, two Jobs were already in production (#201 and "202 Required: 1. Complete the company's Job Cost Reports using the information provided in the packet. 2. Calculate the following amounts for the month of September:(type) Ending Work-in-Process balance Cost of goods manufactured Over-/underapplied overhead Cost of goods sold AFTER adjusting for any over-/underapplied overhead for September. The company's income tax rate is 40% Een 3. Prepare an income stat 4. Answer the following questions(ype Why wou overhead rate? ld a business choose to use a predetermined (estimated) overhead rate instead of an actual . A more accurate method for disposing of over-/underapplied overhead is to prorate it among work-in- process inventories, finished goods inventories and Cost of Goods Sold. Do you think Panther Tees is justified in using the direct write-off approach instead? Why or why not? 5. Turn in the following Completed job cost reports Answers to parts 2, 3, and 4 (must be typed) All supporting calculations (may be handwritten) 6. Turn in group evaluation (if applicable) - 1 per person. For each person in your group (including yourself), evaluate participation as follows: 4 - did at least their fair share 3 - did slightly less than their fair share 2 - did significantly less than their fair share 1 - meant to participate but never showed up 0- who

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