Determine total of each production cost incurred for april

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Problem - Winfrey Co.'s March 31 inventory of raw materials is $190,000. Raw materials purchases in April are $440,000, and factory payroll cost in April is $246,000. Overhead costs incurred in April are: indirect materials, $26,000; indirect labor, $14,000; factory rent, $22,000; factory utilities, $14,000; and factory equipment depreciation, $33,800. The predetermined overhead rate is 45% of direct labor cost. Job 306 is sold for $330,000 cash in April. Costs of the three jobs worked on in April follow.


Job 306

Job 307

Job 308

Balances on March 31




Direct materials

$17,000

$22,000


Direct labor

22,000

12,000


Applied overhead

9,900

5,400


Costs during April




Direct materials

95,000

170,000

$75,000

Direct labor

36,000

66,000

130,000

Applied overhead

?

?

?

Status on April 30

Finished (sold)

Finished (unsold)

In process

Required: Determine the total of each production cost incurred for April (direct labor, direct materials, and applied overhead), and the total cost assigned to each job (including the balances from March 31).

Reference no: EM131814074

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