Question

Jenkins Company uses a job order cost system with overhead applied to jobs on the basis...

Jenkins Company uses a job order cost system with overhead applied to jobs on the basis of direct labor hours. The direct labor rate is $20 per hour, and the predetermined overhead rate is $15 per direct labor hour. The company worked on three jobs during April. Jobs A and B were in process at the beginning of April. Job A was completed and delivered to the customer. Job B was completed during April, but not sold. Job C was started during April, but not completed. The job cost sheets revealed the following costs for April:

Job A Job B Job C
Cost of Jobs in Process, 4.1.2018 $12,700 $1,100 —
Direct Materials Used $2,700 $9,400 $11,100
Direct Labor $11,400 $9,400 $3,700
Applied Manufacturing Overhead ? ? ?

Required:
If no other jobs were started, completed, or sold, determine the balance in each of the following accounts at the end of April:

a. Work in Process :

b. Finished Goods :

c. Cost of Goods Sold:

Business   Accounting   
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