Question: Problem - Job Order Costing VA 2 As winter approaches, Vertex Creations is increasing production of its custom - designed illuminated sculptures. Since each sculpture

Problem - Job Order Costing VA2
As winter approaches, Vertex Creations is increasing production of its custom-designed illuminated sculptures. Since each sculpture is one-of-a-kind, they use a job-order costing system to track costs. Manufacturing overhead is applied to production using a predetermined rate of 110% of direct material costs. Any over- or underapplied overhead is closed to the Cost of Goods Sold account at the end of the year. The Raw Materials Inventory account balance on 10/31 was $10,000. During November, the company purchased $36,000 worth of raw materials, paid in cash. Direct labor costs are also paid in cash. The sale is recorded when the job is delivered to the customer.
\table[[,,Cost Added in November],[,Balance,Direct,Direct],[Job Name,10/31/2024,Materials,Labor $900
Problem - Job Order Costing VA 2 As winter

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