Question

Br3-Pf Company uses a job-order costing system and applies overhead costs to jobs using a plant-wide...

Br3-Pf Company uses a job-order costing system and applies
overhead costs to jobs using a plant-wide rate of 90% of
direct materials cost. Br3-Pf Company began work on four
jobs during June. Information related to the four jobs
appears below:

                                   Job #1       Job #2
COSTS ADDED DURING JUNE
direct materials ..............    $5,800       $7,500
direct labor ..................    $7,300       $6,300


                                   Job #3       Job #4
COSTS ADDED DURING JUNE
direct materials ..............    $8,200       $6,400
direct labor ..................    $7,920       $7,560

By the end of June, Jobs 2 and 3 had been completed while
Jobs 1 and 4 were not completed. In addition, 1,100 of the
units from Job 2 have been sold and 700 of the units from
Job 3 were sold. Assume Job 2 consisted of a total of 3,000
units and Job 3 consisted of a total of 2,000 units. The
actual overhead cost for June amounted to $24,760. Br3-Pf
Company had no inventory of any type at June 1.

Calculate Br3-Pf Company's finished goods inventory balance
at June 30.
Business   Accounting   
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Answer #1
Job 2 and 3 were completed
Job #2 Job #3
Direct materials 7500 8200
Direct labor 6300 7920
Overhead cost [ 90% * Direct materials ] 6750 7380
Total cost 20550 23500
(/) Total units 3000 2000
Cost per unit 6.85 11.75
Job #2 Job #3
Total units 3000 2000
(-) Units sold 1100 700
Finished goods inventory units 1900 1300
(*) Cost per unit 6.85 11.75
finished goods inventory balance at June 30 13015 15275
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