Question

At the end of April, Ingram Company had completed Jobs 50 and 51. Job 50 is for 1,000 units, and Job 51 is for 500 units. The following data relate to these two jobs: On April 20, raw materials were requisitioned for production as follows: 500 units for Job 50 at $18 per unit and 1,400 units for Job 51 at $18 per unit. During April, Ingram Company accumulated 400 hours of direct labor costs on Job 50 and 700 hours on Job 51. The total direct labor was incurred at a rate of $16 per direct labor hour for Job 50 and $24 per direct labor hour for Job 51. The predetermined factory overhead rate is $8.00 per direct labor hour. a. Determine the balance on the job cost sheets for Jobs 50 and 51 at the end of April. Job 50 $ Job 51 $ b. Determine the cost per unit for Jobs 50 and 51 at the end of April. Round all answers to the nearest whole cent. Job 50 $ Job 51 $

Answer 1

Particulars	Job 50	Job 51
Raw materials	9,000	25,200
Direct labor	6,400	16,800
Facory overhead	3,200	5,600
Total costs	18,600	47,600
Units	1,000	500
Cost per unit	18.60	95.20