Oak Creek Furniture Factory OCFF a custom furniture manufact

Oak Creek Furniture Factory (OCFF), a custom furniture manufacturer, uses job order costing to track the cost of each customer order. On March 1, OCFF had two jobs in process with the following costs:

Work in process balnce on 3/1

Job 33 4000

Job 34 5000

total: 9000

The company applies overhead to products at a rate of 50 percent of direct labor cost.

Required:

1. Compute the cost of Jobs 33, 34, and 35 at the end of the month.

Total Maufacturing Cost

Job 33 =

Job 34 =

Job 35 =

2. Calculate the balance in the Work in Process Inventory, Finished Goods Inventory, and Cost of Goods Sold accounts at month-end.

Work in Process Inventory =

Finshed Goods Inventory =

Cost of Goods Sold =

	Materials Requisitions Forms		Labor Time Tickets	Status of Job at Month-End
Job 33		$	3,400		$	4,700	Completed and sold
Job 34			3,500			4,600	Completed, but not sold
Job 35			3,200			2,800	In process
Indirect			800			2,600
		$	10,900		$	14,700
The company applies overhead to products at a rate of 50 percent of direct labor cost. Required: 1. Compute the cost of Jobs 33, 34, and 35 at the end of the month. Total Maufacturing Cost Job 33 = Job 34 = Job 35 = 2. Calculate the balance in the Work in Process Inventory, Finished Goods Inventory, and Cost of Goods Sold accounts at month-end. Work in Process Inventory = Finshed Goods Inventory = Cost of Goods Sold =

1 : The Total Manufacturing Cost :

2. Month end balances:

Work in Process Inventory = $7400

Finshed Goods Inventory =$15400

Cost of Goods Sold = $14450

Job	O Balance	D Mat applied	D Lab applied	OH applied (50% of DL cost)	Total Cost
33	4000	3400	4700	2350	14450	sold
34	5000	3500	4600	2300	15400	FG
35	0	3200	2800	1400	7400	WIP

Oak Creek Furniture Factory (OCFF), a custom furniture manufacturer, uses job order costing to track the cost of each customer order. On March 1, OCFF had two j

Oak Creek Furniture Factory OCFF a custom furniture manufact

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