Pharoah Corporation's fiscal year ends on June 30. The below accounts are available in the work order
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Question:
Pharoah Corporation's fiscal year ends on June 30. The below accounts are available in the work order cost accounting system for the first month of the new fiscal year:
Raw Material Inventory | |||||||||||
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Work in process inventory | |||||||||||
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Finished goods inventory | |||||||||||
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Factory Work | |||||||||||
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General Production Expenses | |||||||||||
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Other data:
1. | On July 1, two jobs were in progress: Job No., which cost $19,700 and $13,500 respectively. 4085 and Job No. 4086. |
2. | Jobs 4087, 4088 and 4089 were launched in July. Only Job No. 4089 was not finished. This job had $2,130 in direct materials and $1,560 in direct labor and manufacturing overheads. The general production cost was applied at the rate of 125% of the direct labor cost. |
3. | On July 1, Job 4084 costing $145,800 was in the finished goods warehouse. On July 31, Job 4088, costing $139,100, was in finished goods. |
4. | Overhead was $3,400 under-applied in July. |
Specify the amount for each letter.
(A) | $enter a dollar amount |
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(B) | $enter a dollar amount |
(C) | $enter a dollar amount |
(D) | $enter a dollar amount |
(e) | $enter a dollar amount |
(F) | $enter a dollar amount |
(G) | $enter a dollar amount |
(H) | $enter a dollar amount |
(i) | $enter a dollar amount |
(J) | $enter a dollar amount |
(k) | $enter a dollar amount |
(l) | $enter a dollar amount |
(M) | $enter a dollar amount |
(N) | $enter a dollar amount |
Related Book For
Accounting Principles
ISBN: 978-0470533475
9th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
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