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Partially completed job sheets for Freeley Co. appear below. These are the only jobs this company...

Partially completed job sheets for Freeley Co. appear below. These are the only jobs this company has. (SEND YOUR WORK) Job 10 Date Direct Materials Direct Labor Manufacturing Overhead Total 7/1 Beginning Balance $6,000 $8,000 $10,000 7/12 $15,000 7/19 $20,000 7/26 $10,000 7/29 $5,000 Job 11 Date Direct Materials Direct Labor Manufacturing Overhead Total 7/1 Beginning Balance $3,000 $6,000 $7,500 7/5 $8,000 7/15 $9,000 7/20 $7,000 7/31 $14,000 Job 10 was completed on July 29, 2020. What was the July 31, 2020 balance in Work In Process? _________________________

What was the amount of overhead applied?

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Answer #1
Job 10
Date Direct materials Direct labor Mfg.OH Total
Beginning Balance 1-Jul 6000 8000 10000 24000
12-Jul 3750 5000 6250 15000
19-Jul 5000 6667 8333 20000
26-Jul 2500 3333 4167 10000
29-Jul 1250 1667 2083 5000
Total 29-Jul 18500 24667 30833 74000
Total cost on all days split in the ratio of beginning balance ,ie.
6:8:10
Job 11
Beginning Balance 1-Jul 3000 6000 7500 16500
5-Jul 1455 2909 3636 8000
15-Jul 1636 3273 4091 9000
20-Jul 1273 2545 3182 7000
31-Jul 2545 5091 6364 14000
9909 19818 24773 54500
Total cost on all days split in the ratio of beginning balance ,ie.
3:6:7.5
ANSWERS:
July 31, 2020 balance in Work In Process
Job 11 54500
Amount of overhead applied
30833+24773=
55606
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