it's one question

lomework (EOC) 1 Sager Company builds custom retaining walls for large commercial customers. On May 1, the company had no inventories of work in process or finished goods but held the following raw materials Cinder block Boulders Stain (indirect materials) Total 200 units @ $250 $ 50,000 95 units 180 17.100 55 units 75 4.135 $71,225 On May 4, the company began work on Job 102 for Woz Company and Job 103 for Reuben Company. Required: 1. Prepare job cost sheets for Jobs 102 and 103. Prepare three materials ledger cards for cinder blocks, boulders, and stain. Enter the beginning raw materials inventory amounts from above for each of these materials on their ledger cards. Then follow the instructions in this list of activities to complete the job cost sheets and the materials ledger cards. a. Purchased raw materials on credit and recorded the following information from recelving reports Receiving Report Number 426, cinder blocks 250 units at $250 each. Receiving Report Number 427 boulders, 90 units at $180 each Instructions: Enter the receiving report information on the materials ledger cards b. Requisitioned the following raw materials for production Requisition Number 35. for Job 102.135 units of cinder blocks Requisition Number 36, for Job 102.72 units of boulders Requisition Number 37, for Job 103, 70 units of cinder blocks Requisition Number 38 for Job 103,38 units of boulders Requisition Number 19, for 15 units of stain c. Received the following employee time tickets for work in May. Time tickets Numbers 1 to 10 for direct labor on Job 102. $90,000 Time tickets Numbers 11 to 30 for direct labor on Job 103, $65.000 Time tickets Numbers 31 to 36 for indirect labor $19.250. Instructions: Record direct labot from the time tickets on the job cost sheets d. Finished Job 102. The company applies overhead to each job with a predetermined overhead rate of 80% of direct labor cost. Instructions: Enter the applied overhead on the cost sheet for Job 102, fill in the cost summary section of the cost sheet, and then mark the cost sheet "Finished e. Applied overhead cost to Job 103 based on the job's direct labot used to date. Instructions: Enter applied overhead on the job cost street for Job 103, 2. Job 102 was sold on credit for $400,000, Compute gross profit for the month 3. Determine the balances reported on the month end balance sheet for Raw Materials inventory and Work in Process Inventory Complete this question by entering your answers in the tabs below. Required tlob Required 1 Cost Sheets Matenals Required 2 Required Requisition Prepare job cost sheets for jobs 102 and 103 using the information given in part a, b, c and e Prepare fob cost sheets for Jobs 102 and 103 using the information given in part a, b, cand e. JOB COST SHEET Customer's Name Woz Company Job Number 102 Direct Materials Direct Labor Overhead Requisition Number Cost Time Ticket Number Cost Rato Cost 0 Total 0 Total Total 0 Summary of Costs $ 0 Total cost of Job Customer's Name Reuben Company Direct Materials Cost Job Number 103 Overhead Rate Cost Direct Labor Time Ticket Number Requisition Number Cost Total 0 O Total Total Prepare three materials ledger cards for cinder blocks, boulders, and stain using the information given in part a and b. Item Date Receiving Report MATERIALS LEDGER CARD Cinder blocks Received Issued Balance Units Unit Price Total Price Requisition Units Unit Price Total Price Units Unit Price Total Price S 0 S 0 0 0 May 1 0 Item Boulders Received Issued Date Receiving Report Units Unit Price Total Price Requisition Units Unit Price Balance Total Price Units Unit Price Total Price s 0 May 1 $ 0 0 0 0 Item Stain Received Issued Balance Total Price Units Unit Price Total Price Date Receiving Report Units Unit Price Total Price Requisition Units Unit Price SUULUUID CHIPPICU UVCHICGU JUU WUSSTELLUS 2. Job 102 was sold on credit for $400,000. Compute gross profit for the month. 3. Determine the balances reported on the month-end balance sheet for Raw Materials Inventory and Work in Process Inventory Complete this question by entering your answers in the tabs below. Required 1 Job Required 1 Materials Required2 Required 3 Cost Sheets Requisition Required 2 Job 102 was sold on credit for $400,00 gross profit for the month $ 0 Required 3 > Required 1 Materials Requisition e. Applied overhead cost to Job 103 based on the job's direct labor used to date. Instructions: Enter applied overhead on the job cost sheet for Job 103, 2. Job 102 was sold on credit for $400,000. Compute gross profit for the month. 3. Determine the balances reported on the month-end balance sheet for Raw Materials Inventory and Work in Process Inventory Complete this question by entering your answers in the tabs below. Required job Required 1 Cost Sheets Materials Required 2 Required 3 Requisition Determine the balances reported on the month end balance sheet for Raw Materials Inventory and Work in Process Inventory Raw materials inventory Work in process inventory