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For University of British Columbia CALCULATOR PRINIER VERSION BACK Problem 15-0SA (Video) Vaughn Corporation's fiscal year...


for University of British Columbia CALCULATOR PRINIER VERSION BACK Problem 15-0SA (Video) Vaughn Corporation's fiscal year ends on November 30. The following accounts are found in its job order cost accounting system for the first month of the new fiscal year. Other data: On December 1, two jobs were in process: Job No. 154 and Job No. 155. These jobs had combined direct materials costs of s9,050 and direct labor costs of s16,100. Overhead was applied at a rate t was 75% of direct iabor cost. 1. During December, Job Nos. 156, 157, and 158 were started. On December 31, Job No. 158 was unfinished. This job had charges for direct materials $4,400 and direct labor $5.200, plus manufacturine overhead. All jobs, except for Job No. 158, were completed in December. 2. On December 1, Job No. 153 was in the finished goods warehouse. It had a total cost of $5,300. Manufacturing overhead was $1,695 underapplied in December. 3. On December 31, Job No. 157 was the only job finished that was not sold. It had a cost of 14,600. 4. List the letters (a) through (m) and indicate the amount pertaining to each letter. Raw Materials Inventory Dec. 1 Beginning balance 7700 (a)Dec. 31 Requisitions 17,850 31 Purchases 18,325 Dec. 31 Ending balance 8,255 Work in Process Inventory Jobs completed () (b)Dec. 31 Dec. 1 Beginning balance (c) 31 Direct materials 8,900 31 Direct labor (d) 31 Overhead (e) Dec. 31 Ending balence Finished Goods Inventory (1) Cost of goods sold (9)Dec. 31 Dec. 1 Beginning balance (h) 31 Completed jobs Dec. 31 Ending belance Factory Labor (k) Wages assigned 12,125 Dec. 31 Factory wages Dec. 31 S11PM ENG 200-01-25 Manufacturing Overhead to search
List the letters (a) through (m) and indicate the amount pertaining to each letter. Raw Materials Inventory Dec. 1 Beginning balance 7780 (a)Dec. 31 Requisitions 17,850 31 Purchases 18,325 Dec. 31 Ending balance 8,255 Work in Process Inventory Dec. 1 Beginning balance (b)Dec. 31 Jobs completed 31 Direct materials (c) 31 Direct labor 8,900 31 Overhead (d) Dec. 31 Ending balance Finished Goods Inventory Dec. 1 Beginning balance (9) Dec. 31 Cost of goods sold (i) 31 Completed jobs (h) Dec. 31 Ending balance (d) Factory Labor Dec. 31 Factory wages 12,125 Dec. 31 Wages assigned (k) Manufacturing Overhead Dec. 31 Indirect materials 3,300 Dec. 31 Overhead applied (m) 31 Indirect labor (1) 31 Other overhead 1,845 Click if you would like to Show Work for this question: Open Show Work
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Answer-
Raw Materials Inventory 1-Dec Beg. Bal. - $17,850 + $8,255 - $18,325 7,780.00 31-Dec Requisitions 17,850.00 31-Dec Purchases 18,325.00 31-Dec Ending Balance 8,255.00 Work in Process Inventory 1-Dec Beg. Bal. - $9,850 + $16,100 + ($16,100 X 75%) 38,025.00 31-Dec Jobs Completed - $38,025 + $14,550 + $8,900 + $6,675 - $13,500 54,650.00 31-Dec Direct Material - $17,850 - $3,300 14,550.00 31-Dec Direct Labor 8,900.00 31-Dec Overhead - $8,900 X 75% 6,675.00 31-Dec Ending Balance - $4,400 + $5,200 + ($5,200 X 75%) 13,500.00 Finished Goods Inventory 1-Dec Beg. Bal. (Given in the question) 5,300.00 31-Dec Cost of Goods Sold - $5300 + $54,650 - $4600 55,350.00 31-Dec Completed Jobs - $38,025 + $14,550 + $8,900 + $6,675 - $13,500 54,650.00 31-Dec Ending Balance (Given in the question) 4,600.00 Factory Labor 31-Dec Factory Wages 12,125.00 31-Dec Wages Assigned - Equal to Factory Wages Incurred 12,125.00 Manufacturing Overhead 31-Dec Indirect Materials 3,300.00 31-Dec Overhead Applied - $3,300 + $3,225 + $1,845 - $1,695 6,675.00 31-Dec Indirect Labor - $12,125 - $8,900 3,225.00 31-Dec Other Overhead 1,845.00 Kindly give me thumbs up if u like my answer...Thanks!!!
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