Chapter 03 – Job-Order Costing
111. The manufacturing overhead applied is:
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112. The cost of direct materials used in production is:
Entin Corporation reported the following data for the month of January:
Chapter 03 – Job-Order Costing
113. The direct materials cost for January is:
Chapter 03 – Job-Order Costing
114. The cost of goods manufactured for January is:
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115. The adjusted cost of goods sold that appears on the income statement for January is:
Vanwagenen Inc. has provided the following data for the month of April:
Chapter 03 – Job-Order Costing
116. The cost of goods manufactured for April is:
117. The adjusted cost of goods sold that appears on the income statement for April is:
Chapter 03 – Job-Order Costing
Leija Manufacturing Company uses a job-order costing system and started the month of
March with one job in process (Job #359). This job had $500 of cost assigned to it at this
time. During March, Leija assigned production costs as follows to the jobs worked on during
the month:
During March, Leija completed and sold Job #359. Job #360 was also completed but was not
sold by month end. Job #361 was not completed by the end of March.
118. What is Leija’s cost of goods manufactured for March?
Chapter 03 – Job-Order Costing
119. What is Leija’s work in process inventory balance at the end of March?
Echenko Corporation uses a job-order costing system and applies overhead to jobs using a
predetermined overhead rate. During the year the company’s Finished Goods inventory
account was debited for $380,000 and credited for $335,500. The ending balance in the
Finished Goods inventory account was $62,300. At the end of the year, manufacturing
overhead was overapplied by $2,900.
120. The balance in the Finished Goods inventory account at the beginning of the year was:
Chapter 03 – Job-Order Costing
121. If the applied manufacturing overhead was $70,400, the actual manufacturing overhead
cost for the year was:
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The following partially completed T-accounts summarize transactions for Fabatz Company
during the year:
Chapter 03 – Job-Order Costing
122. The Cost of Goods Manufactured was:
Chapter 03 – Job-Order Costing
123. The direct labor cost was:
Chapter 03 – Job-Order Costing
124. The direct materials cost was:
125. The manufacturing overhead applied was:
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126. The manufacturing overhead was:
Staniszewski Inc. has provided the following data for the month of March. There were no
beginning inventories; consequently, the direct materials, direct labor, and manufacturing
overhead applied listed below are all for the current month.
Manufacturing overhead for the month was overapplied by $1,000.
The company allocates any underapplied or overapplied manufacturing overhead among work
in process, finished goods, and cost of goods sold at the end of the month on the basis of the
overhead applied during the month in those accounts.
Chapter 03 – Job-Order Costing
127. The cost of goods sold for March after allocation of any underapplied or overapplied
manufacturing overhead for the month is closest to:
128. The journal entry to record the allocation of any underapplied or overapplied
manufacturing overhead for March would include the following:
Chapter 03 – Job-Order Costing
Lenci Inc. has provided the following data for the month of May. There were no beginning
inventories; consequently, the direct materials, direct labor, and manufacturing overhead
applied listed below are all for the current month.
Manufacturing overhead for the month was overapplied by $3,000.
The company allocates any underapplied or overapplied manufacturing overhead among work
in process, finished goods, and cost of goods sold at the end of the month on the basis of the
overhead applied during the month in those accounts.
129. The work in process inventory at the end of May after allocation of any underapplied or
overapplied manufacturing overhead for the month is closest to:
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130. The journal entry to record the allocation of any underapplied or overapplied
manufacturing overhead for May would include the following:
Joens Inc. has provided the following data for the month of July. There were no beginning
inventories; consequently, the direct materials, direct labor, and manufacturing overhead
applied listed below are all for the current month.
Manufacturing overhead for the month was overapplied by $2,000.
The company allocates any underapplied or overapplied manufacturing overhead among work
in process, finished goods, and cost of goods sold at the end of the month on the basis of the
overhead applied during the month in those accounts.
Chapter 03 – Job-Order Costing
131. The cost of goods sold for July after allocation of any underapplied or overapplied
manufacturing overhead for the month is closest to:
132. The journal entry to record the allocation of any underapplied or overapplied
manufacturing overhead for July would include the following:
Chapter 03 – Job-Order Costing
McWhite Inc. has provided the following data for the month of October. There were no
beginning inventories; consequently, the direct materials, direct labor, and manufacturing
overhead applied listed below are all for the current month.
Manufacturing overhead for the month was underapplied by $6,000.
The company allocates any underapplied or overapplied manufacturing overhead among work
in process, finished goods, and cost of goods sold at the end of the month on the basis of the
overhead applied during the month in those accounts.
133. The finished goods inventory at the end of October after allocation of any underapplied
or overapplied manufacturing overhead for the month is closest to:
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134. The journal entry to record the allocation of any underapplied or overapplied
manufacturing overhead for October would include the following:
Denherder Inc. has provided the following data for the month of November. There were no
beginning inventories; consequently, the direct materials, direct labor, and manufacturing
overhead applied listed below are all for the current month.
Manufacturing overhead for the month was underapplied by $5,000.
The company allocates any underapplied or overapplied manufacturing overhead among work
in process, finished goods, and cost of goods sold at the end of the month on the basis of the
overhead applied during the month in those accounts.