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Oak Creek Furniture Factory (OCFF), a custom furniture manufacturer, uses job order costing to track the cost of each customer order. On March 1,
Oak Creek Furniture Factory (OCFF), a custom furniture manufacturer, uses job order costing to track the cost of each customer order. On March 1, OCFF had two jobs in process with the following costs: Balance on 3/1 Work in Process Job 33 Job 34 $ 4,300 3,500 $ 7,800 Source documents revealed the following during March: Job 33 Job 34 Materials Requisitions Forms $3,700 Labor Time Tickets $4,300 Status of Job at Month-End Completed and sold 3,500 3,900 Completed, but not sold Job 35 Indirect 4,800 3,700 In process 600 1,400 $12,600 $13,300 The company applies overhead to products at a rate of 50 percent of direct labor cost. Required: 1. Compute the cost of Jobs 33, 34, and 35 at the end of the month. 2. Calculate the balance in the Work in Process Inventory, Finished Goods Inventory, and Cost of Goods Sold accounts at month-end. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the cost of Jobs 33, 34, and 35 at the end of the month. Job 331 Job 34 Total Manufacturing Cost Job 351
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