PLEASE SOLVE PARTS A, B, C, D and E

1. CoeCycle Company manufactures scooters and uses a job order costing system with a predetermined manufacturing overhead rate of 125% of direct labor lollars. CoeCycle has is currently working on only two orders. Buddy Inc. ordered 200 basic scooters, job order 1031, which was started in September and completed at the end of October, 20XX. Vespa Unlimited ordered 100 high-end scooters started in October and still in process at the end of October; the job order number is 1032. Required: a. (2 points) Complete the attached job order cost cards based on the above information and the direct costs shown in Table 1. b. (3 points) Journalize the production costs incurred for October shown below (please combine the similar costs for the two jobs for each entry). Journalize the application of manufacturing overhead. c. (1 points) Journalize the entry done for the completion of job 1031. d. (2 points) Assume these were the only two jobs undertaken during the fiscal year beginning September 1, 20XX. If during this period, manufacturing overhead incurred totaled $140,000, was the manufacturing overhead over-applied or under-applied and by how much? (round to nearest dollar) e. (2 points) Assuming job 1031 and job 1032 the only two jobs, what is the balance of work-in-process inventory and finished goods inventory at the end of October? (Hint: Use the job cost cards to answer this question.) Table 1 Direct Costs Incurred by Job October Direct Costs Direct Material Job 1031 43,750 Job 1032 43,320 Direct Labor Job 1031 64,620 Job 1032 34,950 Column B October Costs Job Order: 1031 Col C = Col. A + Col. B. Total Job Costs to date Costs Category Column A Beginning Balance from September's Activity $20,200 Direct Materials Direct Labor $12,000 Manufacturing Overhead $15,000 Total Cost $47,200 Job Order: 1032 Col C = Col. A + Col. B. Total Job Costs to date Job Status: Costs Category Column B Current Month Costs Column A Beginning Balance from September Activity $0 Direct Materials Direct Labor SO Manufacturing Overhead SO Total Cost $0 1. CoeCycle Company manufactures scooters and uses a job order costing system with a predetermined manufacturing overhead rate of 125% of direct labor lollars. CoeCycle has is currently working on only two orders. Buddy Inc. ordered 200 basic scooters, job order 1031, which was started in September and completed at the end of October, 20XX. Vespa Unlimited ordered 100 high-end scooters started in October and still in process at the end of October; the job order number is 1032. Required: a. (2 points) Complete the attached job order cost cards based on the above information and the direct costs shown in Table 1. b. (3 points) Journalize the production costs incurred for October shown below (please combine the similar costs for the two jobs for each entry). Journalize the application of manufacturing overhead. c. (1 points) Journalize the entry done for the completion of job 1031. d. (2 points) Assume these were the only two jobs undertaken during the fiscal year beginning September 1, 20XX. If during this period, manufacturing overhead incurred totaled $140,000, was the manufacturing overhead over-applied or under-applied and by how much? (round to nearest dollar) e. (2 points) Assuming job 1031 and job 1032 the only two jobs, what is the balance of work-in-process inventory and finished goods inventory at the end of October? (Hint: Use the job cost cards to answer this question.) Table 1 Direct Costs Incurred by Job October Direct Costs Direct Material Job 1031 43,750 Job 1032 43,320 Direct Labor Job 1031 64,620 Job 1032 34,950 Column B October Costs Job Order: 1031 Col C = Col. A + Col. B. Total Job Costs to date Costs Category Column A Beginning Balance from September's Activity $20,200 Direct Materials Direct Labor $12,000 Manufacturing Overhead $15,000 Total Cost $47,200 Job Order: 1032 Col C = Col. A + Col. B. Total Job Costs to date Job Status: Costs Category Column B Current Month Costs Column A Beginning Balance from September Activity $0 Direct Materials Direct Labor SO Manufacturing Overhead SO Total Cost $0