Question

Turco Products uses a job order cost system. The following debits (credits) appeared in Work-in-Process Inventory...

Turco Products uses a job order cost system. The following debits (credits) appeared in Work-in-Process Inventory for September:

Description Amount
September 1 Balance $ 27,400
For the month Direct materials 162,800
For the month Direct labor 101,700
For the month Factory overhead 82,377
For the month To finished goods ( 318,400 )

Turco applies overhead to production at a predetermined rate of 81 percent based on direct labor cost. Job 9-27, the only job still in process at the end of September, has been charged direct labor of $13,000.

Required:

What cost amount of direct materials was charged to Job 9-27?

Direct Materials:

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Answer #1
Description Amount
Sep-01 Balance 27,400
For the month Direct materials 1,62,800
For the month Direct labor 1,01,700 Cost Incurred
For the month Factory overhead 82,377 3,46,877
For the month To finished goods 3,18,400
Sep-01 Opening WIP 27,400
For the month Cosy Incurred 3,46,877
Total Cost 3,74,277
Less: Transferred to FG 3,18,400
Cost of Ending WIP 55,877
Less: Direct Labor 13000
Less: Factory OH(81% of DL) 10530
Direct Material Cost 32,347
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