Solution-Compute what was the ending work-in-process for

Compute what was the ending work-in-process for january

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Reference no: EM132662866

Josiah Printing Co. prints small jobs and uses a job order costing system to record its costs. Its computer files and backup were destroyed in a fire. However, the paper records were only partially destroyed, and the controller is attempting to piece together the details that could be found.

At the beginning of January there were three jobs in process: Job 1, Job 2, and

Job 3. No further jobs had been started during the month, and Job 3 was completed. The following data could be read from the burned work-in-process report for the month.

Job number	Job 1	Job 2	Job 3
January 1 balance	$1,020	$3,000	$4,500
Added in January:
Direct materials	2,500	1,500	6,080
Direct labour	1,155	945	?
Manufacturing overhead	?	?	?
Direct labour hours worked in January	55	45	85

The only other data the controller was able to find was a cost of goods manufactured statement; however, the only figure legible was total manufacturing overhead of $13,690. Josiah applies manufacturing overhead based on direct labour hours.

Problem 1: What was the ending work-in-process for January?

Reference no: EM132662866

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Compute what was the ending work-in-process for january

Reference no: EM132662866

Reference no: EM132662866

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