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Ch14 to Ch16 - Extra Credit 0.46/1 < Question 2 of 3 > Your answer is...

Question:

Ch14 to Ch16 - Extra Credit 0.46/1 < Question 2 of 3 > Your answer is partially correct. Phillips Corporations fiscal year e
google docs aires slides 4 to Ch16 - Extra Credit Question 2 of 3 0.46/1 = List the letters (a) through (m) and indicate the
Ch14 to Ch16 - Extra Credit 0.46/1 Question 2 of 3 6675 31 Overhead (d) 30925 Dec. 31 Ending balance le) Finished Goods Inven
h16 - Extra Credit 0.46/1 = uestion 2 of 3 Dec. 31 Ending balance 4200 0) Factory Labor 12,225 Dec. 31 (k) Dec 31 Factory wag
Ch14 to Ch16 - Extra Credit 0.46/1 < Question 2 of 3 > Your answer is partially correct. Phillips Corporation's fiscal year ends on November 30. The following accounts are found in its job order cost accounting System for the first month of the new fiscal year, Other data: 1 2. On December 1, two jobs were in process: Job No. 154 and Job No. 155. These jobs had combined direct materials costs of $9,850 and direct labor costs of $15,300. Overhead was applied at a rate that was 75% of direct labor cost. During December Job Nos. 156, 157, and 158 were started on December 31, Job No 158 was unfinished. This job had charges for direct materials $4,400 and direct labor $5.000, plus manufacturing overhead. All jobs, except for Job No. 158, were completed in December On December 1, Job No. 153 was in the finished goods warehouse. It had a total cost of $5,200. On December 31, Job No. 157 was the only job finished that was not sold. It had a cost of $4.200. Manufacturing overhead was $1.295 underapplied in December. 3 4.
google docs aires slides 4 to Ch16 - Extra Credit Question 2 of 3 0.46/1 = List the letters (a) through (m) and indicate the amount pertaining to each letter. Raw Materials Inventory 8430 (a) Dec 31 Requisitions 18,350 Dec 1 Beginning balance 31 Purchases Dec. 31 Ending balance 18,125 8.205 Dec. 1 Beginning balance Work in Process Inventory 36625 (b) Dec 31 Jobs completed 36625 (1) 31 Direct materials 15350 (c) 31 Direct labor 8.900 31 Overhead 6675 (d) Dec 31 Ending balance 30925 el IA fo Sign out US 10:23
Ch14 to Ch16 - Extra Credit 0.46/1 Question 2 of 3 6675 31 Overhead (d) 30925 Dec. 31 Ending balance le) Finished Goods Inventory 5200 tel Dec. 31 Cost of goods sold Dec. 1 Beginning balance 36625 (h) 31 Completed jobs Dec. 31 Ending balance 4200 0) Factory Labor 12.225 Dec 31 Dec 31 (k) Factory wages Wages assigned Manufacturing Overhead 3.000 Dec 31 Overhead applied Dec. 31 Indirect materials (m) VA Sign out US
h16 - Extra Credit 0.46/1 = uestion 2 of 3 Dec. 31 Ending balance 4200 0) Factory Labor 12,225 Dec. 31 (k) Dec 31 Factory wages Wages assigned Manufacturing Overhead 3,000 Dec 31 Overhead applied Dec. 31 Indirect materials (m) 31 Indirect labor (0 31 Other overhead 1,645

Answers

11 Aus list the letters (a) through (m) and indicate the amount pertaining to each letter. Raw Materials Inventory Particular| Dec. 1 finished Goods Inventory Date particulars Amount Date Particulars Amount Beginning Baknul $5,200 9) Dec:31| costof GJalorking Notes (a) Ano Raw Material Inventory Recquisitions Add 8 Ending Balance - 은 ² $_18,350 8,205 less & Purchases (18,1(d) Ans Thork in Process Inventory Direct Labor $_8,900 Overhead (d) 75% of Direct labor 8,900 X 75% Overhead (0)3_$ 6,675 (2I sob Job completed (f) $ 54,400 (0) Ang => Finished Goods Dinventory Beginning Balance (g) (9) = $5,200 (Given in the Questi(2) Aus - Manufacturing Overhead Inlages assigned = $12,225 less Direct labor wages (8,9003 Indirect labor (el) = $3,325 a (m

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