Part A $-$ Job Order Costing $(30$ marks$)$

Beller Valley Apparel Co$.$ uses a job order cost system. The following data summarizes the production data for

the month of May $31,2021,$ which is the first month of operations.

Required:

What is job order costing? $(2\mathrm{.}5$ marks$)$

What are period costs? Give two examples. $(2\mathrm{.}5$ marks$)$

Prepare a job order cost report like the one discussed in class showing the costs allocated to each of the

jobs, a listing of the completed jobs on hand, a listing of the work in process ending, finished goods

inventory ending and the cost of goods sold. $(20$ marks$)$

Prepare the general journal entries to support the summarized operations. $(5$ marks$)$