Question

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?

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