Acct Chap 13 Kimmel
In January, Reyes Tool Dye requisitions raw materials for production as follows: Job 1 $960, Job 2
$1,630, Job 3 $720, and general factory use $680. During January, time tickets show that the
factory labor of $6,100 was used as follows: Job 1 $1,570, Job 2 $1,940 Job 3 $1,670, and general
factory use $920. Prepare the job costsheets for each of the three jobs. (If answer is zero, please
enter 0, do not leave any fields blank.) Job 1 Date 1/31 1/31 Direct Materials 960 0 Job 2 Date 1
/31 1/31 Direct Materials 1630 0 Job 3 Date 1/31 1/31 Direct Materials 720 0 0 1670 Direct Labor
0 1,940 Direct Labor 0 1570 Direct Labor
In March, Hollaway Company completes Jobs 10 and 11. Job 10 cost $28,110 and Job 11 $32,630.
On March 31, Job 10 is ... Show more content on Helpwriting.net ...
6. Other manufacturing overhead consisted of indirect materials $14,000, indirect labor $20,000,
and depreciation on factory machinery $8,000.
Current year s costs Balance 1/1 Current year s costs Current year s costs
30,000 11,000 43,000 48,000
36,000 18,000 48,000 55,000
43,200 21,600 57,600 66,000
109,200 50,600 148,600 169,000
Correct.
Prove the agreement of Work in Process Inventory with job cost sheets pertaining to unfinished
work. Hint: Use a single T account for Work in Process Inventory. Calculate each of the following,
then post each to the T account: (1) beginning balance, (2) direct materials, (3) direct labor, (4)
manufacturing overhead, and (5) completed jobs. Work in Process Inventory 1/1 Balance 128400
Completed Work Direct materials 121000 386200
Direct labor
139000
Manufacturing overhead 166800
12/31 Balance
169000