Please show work for Part 1-18. I already started and I think imdoing it right. so I can understand and show each table. Thx

Req. 10: Assume shipments of all supplies arrive on 10/9. Your receiving personnel have checked the receipts asainst the Purchase Order and Inwaire, and have noted no discrepancies in the ordered quantities or prices. Since the company keeps perpetual imventory records, update the Raw Materials Records for the materials received and the new balance in stock. Update both the phyical quantities and costs. The company ues FIFO as its inventory flow assumption. If needed, keep track of separate inventory price tayers. Req. 11: Assume for a moment that the Raw Material Recorts given to you represent a complete list of the raw materials carried by the compary. If you were to look at the Belance Sheet at the close of business on Oct. 9, what balance would be shown for Raw Materials Inventory? (Show the total balance and how you arrived at it.) \$ Req. 12: The scheduled start date for the jab has arrived. In order to begin nimdintion the materials for the job are needed in the plant. Production would fike to requisition alf needed materials at one time. Complete the Materials Requisition (fill in the date, Job H, and quantity needed) so that the imventory storeroom personnel know the quantities and types of material to pick. Req. 13: The stareroom personnel correctly pick the direct materials and send them to production. Complete the cost information on the Materials Requlaition above, assuming the company uses FIFO as its inventory flow assumption. Req. 14: Since the company uses a perpetusl inventory system, what else would normally be done at. this point in time? If you were to look at the Balance Sheet at the end of the day, what balance would be shown for Raw Materials Imventory? Calculate the total balance and show how you arrived at it. Req. 15: Start a Job Cost Recond for Job 114. Record the direct materisls used by the job by recording the moterials requisition number and the totol cost of materials requisitioned. Req. 16: Obtain the Labar Time Recorts for the week to determine how much direct labor cast to assign to Job 114. Record the direct labor cued by the job by recording the lobor time record aumbers, hours worked, and total DL cast on the job cost record. Req. 17: Calculate the amount of manufacturing overhead to allocate to Job 114. Show your cilculations on the job cost record. Req. 18: Complete the job cost record. Determine the total job cost as well as the cost of each handbas in the job. Custom Fabric Ventures is a small company that produces fabric-based wardrobe accessories (such as, handbess, scarves, and headbands) and home accessories (such as placemsts, pillows, and window treatments). The company keeps a limited number of popular items in stock, but primarily produces custom orders. Customers are able to choose from a wide selection of styles, sizes, and fabrics for each type of product. Mast of the company's customers are small boutiques, home dcor shops, and homedecorators who serve clientele with discerning tastes. As a result, customers expect high-quality The sales staff of Custom Fabric Ventures has just received the following arder: Due to its popularity, the Black and White Handbag (BWi4293) is normally a stock item. However, the handbas is currently out of stock. Rather than producing only enaugh units to fill Katie's order, management would like to produce a jab (Jab 114) that is large enough to fill Katic's order and' replenish stock. The fabric used for this job can be stacked four layers deep for cutting, while still maintaining the quality and precision of the cut. Therefore, the company is able to realize some economies of scale by producing the handhags in muftiples of 4 . Management would like to produce enough units in this job to have a minimum of 30 and a maximum of 35 handbags left in stock ofter Katie's order has been filled. Your primary task is to determine the cost of producing Job 114 so that you can calculate the gross profit on the sale to Katie's Boutique. As part of this process, you will be required to schedule production, purchase any raw materials that aren't currently in stock, requisition materials for the jab, and complete the job cost record. You will also be asked to consider relevant management and accounting issues and record the transactions related to this job in the company's accounting records. The following step-by-step requirements will guide you through the entire job costing process. The documents you will encounter in this case are normally completed electronically rather than manually. In addition, these documents often interface with each other electronically in onder tog transfer data in real-time, eliminate tedious calculations, and prevent errors. However, the underlying process is the same regardless of whether the company uses electronic or manual documents. Req. It Before the year began, Custom Fabric Ventures estimsted the following costs for the vear: \begin{tabular}{|l|r|} \hline Type of Cost & Etimatedtotalcostfortheyear \\ \hline Selling and Administrative salaries and expenses & $210,000 \\ \hline \end{tabular} First, fill in the missing costs. Then, calculate the companys predetermined manufacturing overhead rate, assuming the company uses direct lobor hours as its allocation base: Req.2: To realize maximum efficiency and meet manogement's desired level of stock, how many Black 8 White handbags should be produced in Job 114? There should be a total of 42 Black and White Handbags produced in Job 114. Katie's Order Quantity= 7 Minimum Stock Level= 30 Hand bass Maximum Stock Level= 35 Handbags Total Quantity =35+70=42 Handbags Req. 3: The production engineers have given you the materiab requirements for each Black 8 . White handbes. Assume that no efficiencies in moterials can be achieved by producing more than one unit per batch. Complete the Bill of Materials for Job w114 found below. Be sure to include the quantity being produced in the Job as well as the total quantity needed for each direct material. Req. 10: Assume shipments of all supplies arrive on 10/9. Your receiving personnel have checked the receipts asainst the Purchase Order and Inwaire, and have noted no discrepancies in the ordered quantities or prices. Since the company keeps perpetual imventory records, update the Raw Materials Records for the materials received and the new balance in stock. Update both the phyical quantities and costs. The company ues FIFO as its inventory flow assumption. If needed, keep track of separate inventory price tayers. Req. 11: Assume for a moment that the Raw Material Recorts given to you represent a complete list of the raw materials carried by the compary. If you were to look at the Belance Sheet at the close of business on Oct. 9, what balance would be shown for Raw Materials Inventory? (Show the total balance and how you arrived at it.) \$ Req. 12: The scheduled start date for the jab has arrived. In order to begin nimdintion the materials for the job are needed in the plant. Production would fike to requisition alf needed materials at one time. Complete the Materials Requisition (fill in the date, Job H, and quantity needed) so that the imventory storeroom personnel know the quantities and types of material to pick. Req. 13: The stareroom personnel correctly pick the direct materials and send them to production. Complete the cost information on the Materials Requlaition above, assuming the company uses FIFO as its inventory flow assumption. Req. 14: Since the company uses a perpetusl inventory system, what else would normally be done at. this point in time? If you were to look at the Balance Sheet at the end of the day, what balance would be shown for Raw Materials Imventory? Calculate the total balance and show how you arrived at it. Req. 15: Start a Job Cost Recond for Job 114. Record the direct materisls used by the job by recording the moterials requisition number and the totol cost of materials requisitioned. Req. 16: Obtain the Labar Time Recorts for the week to determine how much direct labor cast to assign to Job 114. Record the direct labor cued by the job by recording the lobor time record aumbers, hours worked, and total DL cast on the job cost record. Req. 17: Calculate the amount of manufacturing overhead to allocate to Job 114. Show your cilculations on the job cost record. Req. 18: Complete the job cost record. Determine the total job cost as well as the cost of each handbas in the job. Custom Fabric Ventures is a small company that produces fabric-based wardrobe accessories (such as, handbess, scarves, and headbands) and home accessories (such as placemsts, pillows, and window treatments). The company keeps a limited number of popular items in stock, but primarily produces custom orders. Customers are able to choose from a wide selection of styles, sizes, and fabrics for each type of product. Mast of the company's customers are small boutiques, home dcor shops, and homedecorators who serve clientele with discerning tastes. As a result, customers expect high-quality The sales staff of Custom Fabric Ventures has just received the following arder: Due to its popularity, the Black and White Handbag (BWi4293) is normally a stock item. However, the handbas is currently out of stock. Rather than producing only enaugh units to fill Katie's order, management would like to produce a jab (Jab 114) that is large enough to fill Katic's order and' replenish stock. The fabric used for this job can be stacked four layers deep for cutting, while still maintaining the quality and precision of the cut. Therefore, the company is able to realize some economies of scale by producing the handhags in muftiples of 4 . Management would like to produce enough units in this job to have a minimum of 30 and a maximum of 35 handbags left in stock ofter Katie's order has been filled. Your primary task is to determine the cost of producing Job 114 so that you can calculate the gross profit on the sale to Katie's Boutique. As part of this process, you will be required to schedule production, purchase any raw materials that aren't currently in stock, requisition materials for the jab, and complete the job cost record. You will also be asked to consider relevant management and accounting issues and record the transactions related to this job in the company's accounting records. The following step-by-step requirements will guide you through the entire job costing process. The documents you will encounter in this case are normally completed electronically rather than manually. In addition, these documents often interface with each other electronically in onder tog transfer data in real-time, eliminate tedious calculations, and prevent errors. However, the underlying process is the same regardless of whether the company uses electronic or manual documents. Req. It Before the year began, Custom Fabric Ventures estimsted the following costs for the vear: \begin{tabular}{|l|r|} \hline Type of Cost & Etimatedtotalcostfortheyear \\ \hline Selling and Administrative salaries and expenses & $210,000 \\ \hline \end{tabular} First, fill in the missing costs. Then, calculate the companys predetermined manufacturing overhead rate, assuming the company uses direct lobor hours as its allocation base: Req.2: To realize maximum efficiency and meet manogement's desired level of stock, how many Black 8 White handbags should be produced in Job 114? There should be a total of 42 Black and White Handbags produced in Job 114. Katie's Order Quantity= 7 Minimum Stock Level= 30 Hand bass Maximum Stock Level= 35 Handbags Total Quantity =35+70=42 Handbags Req. 3: The production engineers have given you the materiab requirements for each Black 8 . White handbes. Assume that no efficiencies in moterials can be achieved by producing more than one unit per batch. Complete the Bill of Materials for Job w114 found below. Be sure to include the quantity being produced in the Job as well as the total quantity needed for each direct material