The job cost sheet for 1,000 units of toy trucks is:

Job Number 555 Date Started 4/13

Date Completed 6/18

Raw Materials Direct Labor
Date Type Cost Qty. Amount Cost Hours Amount
4/13 565 $ 3 1,000 $3,000 $18 20 $ 360
5/24 889 1 4,000 4,000 12 10 120
6/18 248 2 1,000 2,000 15 100 1,500
$9,000 130 $1,980

Total direct materials $9,000
Total direct labor 1,980
Overhead (130 direct labor hours @ $10/hour) 1,300
Total Job Cost $12,280

All of the materials for the job were purchased on 4/10. The batch of 1,000 toy trucks is sold on 7/10.

a) What are the costs of this job order in the raw materials account, on 4/30, 5/31, 6/30 and 7/31?

a. $5,000, $3,000, $0, and $0
b. $4,000, $2,000, $0 and $0
c. $6,000, $2,000, $0 and $0
d. $6,000, $3000, $1,000, and $1,000

b) what are the costs of this job order in the work-in-process account, on 4/30, 5/31, 6/30 and 7/31?

a. $3,560, $7,780, $0, and $0
b. $4,580, $6,780, $0 and $0
c. $3,560, $6,780, $0 and $0
d. $2, 560, $7,780, $0 and $0

Answer rating: 100% (QA)

1Raw Material Account As on 430 As on 531 As on 630 As on 731 Balance 6000 9000 3000 2000 6000 4000 ... View the full answer