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An asterisk (*) will appear to the right of an incorrect entry.
1. 2.
Debit Credit
a.
Bal. Bal.
b.
3. Schedule of unfinished jobs:
Direct Direct Factory
c. Materials Labor Overhead Total
No. 304
No. 306
d. Balance of Work in
Process, January 30
e.
4. Schedule of completed jobs:
f.
Direct Direct Factory
Materials Labor Overhead Total
Computation of cost of jobs finished: Finished Goods,
Direct Factory
Job Materials Direct Labor Overhead Total
No. 301
No. 302
No. 303
No. 305
Total
g.
Computation of cost of jobs sold:
Job Total
No. 301
No. 302
No. 303
Total
0%
Score:
Key Code:
Instructions
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JOURNAL
[Key code here]
Answers are entered in the cells with gray backgrounds.
Problem 19-2A
Name:
Section:
Work in Process
Finished Goods
Description
Job
Job
January 30 (Job 305)
An asterisk (*) will appear to the right of an incorrect entry.
1. 2.
Debit Credit (b) 49,780 (f) 34,804 (f) 34,804 (g) 22,294
(e) 12,312
a. 29,800
29,800 Bal. 27,288 Bal. 12,510
b. 49,780
5,180
27,950 3. Schedule of unfinished jobs:
27,010
Direct Direct Factory
c. 5,500 Materials Labor Overhead Total
5,500 No. 304 8,100$ 6,860$ 3,888$ 18,848$
No. 301 2,960$ 2,775$ 1,350$ 7,085$
No. 302 3,620 3,750 1,944 9,314
No. 303 2,400 1,875 1,620 5,895
No. 305 5,100 5,250 2,160 12,510
Materials
JOURNAL
Accounts Payable
Work in Process
Factory Overhead
Wages Payable
Work in Process
Finished Goods
Description
Materials
Problem 19-2A
Name:
Solution
Section:
ON
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Score:
Instructions
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Job
Accounts Payable
Factory Overhead
An asterisk (*) will appear to the right of an incorrect entry.
1. 2.
Debit Credit
a.
Bal. Bal.
b.
3. Schedule of unfinished jobs:
Direct Direct Factory
c. Materials Labor Overhead Total
No. 104
No. 106
d. Balance of Work in
Process, April 30
e.
4. Schedule of completed jobs:
f.
Direct Direct Factory
Materials Labor Overhead Total
Computation of cost of jobs finished: Finished Goods,
Direct Factory
Job Materials Direct Labor Overhead Total
No. 101
No. 102
No. 103
No. 105
Total
g.
Computation of cost of jobs sold:
Job Total
No. 101
No. 102
No. 105
Total
Job
April 30 (Job 103)
Finished Goods
Description
Score:
Key Code:
Instructions
Work in Process
Job
Problem 19-2B
Name:
Section:
0%
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JOURNAL
[Key code here]
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1. 2.
Debit Credit (b) 262,490 (f) 175,090 (f) 175,090 (g) 142,610
(e) 40,480
a. 147,000
b. 262,490
29,160
152,540 3. Schedule of unfinished jobs:
139,110
Direct Direct Factory
e. 40,480
40,480
4. Schedule of completed jobs:
f. 175,090
175,090 Direct Direct Factory
Materials Labor Overhead Total
Job Materials Direct Labor Overhead Total
No. 101 19,320$ 19,500$ 6,160$ 44,980$
No. 102 23,100 28,140 6,400 57,640
g. 189,100
189,100
Computation of cost of jobs finished:
Job Total
No. 101 44,980$
Factory Overhead
Finished Goods
Accounts Receivable
Sales
Work in Process
Wages Payable
Materials
Work in Process
Finished Goods
Description
Materials
Work in Process
Job
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Problem 19-2B
Name:
Solution
Section:
JOURNAL
Work in Process
Factory Overhead
ON
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Score:
Instructions
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1. and 2.
Customer Date
Address Date Wanted
Date Completed
Item Job No.
Amount Amount Amount
meters at hours at
Total
Amount Amount Amount
112 meters hours
at at
114 meters hours
at at
Comments:
Total
Total
Direct Materials
ACTUAL
Direct Labor
H10
Direct materials
Direct labor
Summary
Total
Total
Total
[Key essay answer here]
Mat. Req. No.
Description
Time
Ticket No.
Description
Item
H11
Factory overhead
Direct labor
Factory overhead
Direct materials
Direct Materials
ESTIMATE
Direct Labor
Summary
Cupertino, CA
carpet and installation
Oct. 10, 2016
563
Jackson Consulting
220 Apple Lane
[Key code here]
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JOB ORDER COST SHEET
Oct. 1, 2016
Oct. 10, 2016
Score:
Key Code:
Instructions
Problem 19-3A
Name:
Section:
0%
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1. and 2.
Customer Date
Address Date Wanted
Date Completed
Item Job No.
Amount Amount Amount
200 meters at $35 7,000.00 16 hours at $20 320.00 7,000.00
Amount Amount Amount
112 140 meters 10 hours 7,280.00
563
Time
Ticket No.
Summary
Direct materials
Description
Description
Item
Jackson Consulting
220 Apple Lane
Cupertino, CA
carpet and installation
Direct Labor
Direct Materials
Oct. 1, 2016
Oct. 10, 2016
Oct. 10, 2016
H10
ACTUAL
Direct Materials
Direct materials
Problem 19-3A
Name:
Solution
Section:
Mat. Req. No.
Cells with non-gray backgrounds are protected and cannot be edited.
ESTIMATE
Direct Labor
Summary
Instructions
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JOB ORDER COST SHEET
ON
Score:
An asterisk (*) will appear to the right of an incorrect entry. The essay answer will not be graded.
1. and 2.
Customer Date
Address Date Wanted
Date Completed
Item Job No.
Amount Amount Amount
meters at hours at
Total
Amount Amount Amount
132 meters hours
at at
134 meters hours
at at
Comments:
Total
Total
Direct materials
Direct materials
Direct labor
ACTUAL
Total
Total
Total
Direct Materials
Direct Labor
H9
Summary
[Key essay answer here]
Mat. Req. No.
Description
Time
Ticket No.
Description
Item
H12
Factory overhead
Direct labor
Factory overhead
Direct Materials
ESTIMATE
Direct Labor
Summary
Purchase, NY
Carpet and installation
May 15, 2016
999
Lunden Consulting
160 Soda Alley
[Key code here]
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JOB ORDER COST SHEET
May 9, 2016
May 15, 2016
Score:
Key Code:
Instructions
Problem 19-3B
Name:
Section:
0%
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1. and 2.
Customer Date
Address Date Wanted
Date Completed
Item Job No.
Amount Amount Amount
400 meters at $32 12,800.00 30 hours at $20 600.00 12,800.00
Amount Amount Amount
132 360 meters 18 hours 13,120.00
at $32 11,520.00 at $19 342.00 684.00
Comments:
May 15, 2016
999
Direct materials
Time
Ticket No.
Direct labor
The direct materials cost exceeded the estimate by $320 because 10 meters of materials were spoiled. The direct labor cost exceeded the estimate
H9
Summary
Direct Materials
Description
Description
Item
Direct Labor
ACTUAL
Mat. Req. No.
Cells with non-gray backgrounds are protected and cannot be edited.
ESTIMATE
Direct Labor
Summary
Direct Materials
JOB ORDER COST SHEET
May 9, 2016
May 15, 2016
Direct materials
Problem 19-3B
Name:
Solution
Section:
Lunden Consulting
160 Soda Alley
ON
Score:
Purchase, NY
Carpet and installation
Instructions
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1. Supporting calculations:
June 1 Cost of
Work in Direct Direct Factory Total Unit Units Goods
Job. No. Quantity Process Materials Labor Overhead Cost Cost Sold Sold
No. 201 550 55,000$ 41,250$
No. 202 1,100 93,500 71,500
No. 203 550 38,500 22,000
No. 204 660 82,500 69,300
No. 205 480 60,000 48,000
No. 206 380 22,000 12,400
Total 3,720 351,500$ 264,450$
A. Materials requisitions
B. Work in process, June 1
C. Work in process materials
D. Work in process direct labor
E. Work in process factory overhead applied
F. Work in process completed jobs transferred out
G. Cost of goods sold
H. Indirect labor included in factory overhead
2.
June 30 balances:
Materials
Work in Process
Finished Goods
Factory Overhead
0%
Problem 19-4A
Name:
Section:
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Score:
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Instructions
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Enter a zero in cells you would otherwise leave blank.
1. Supporting calculations:
June 1 Cost of
Work in Direct Direct Factory Total Unit Units Goods
Job. No. Quantity Process Materials Labor Overhead Cost Cost Sold Sold
No. 201 550 16,500$ 55,000$ 41,250$ 57,750$ 170,500$ $310.00 440 136,400$
No. 202 1,100 44,000 93,500 71,500 100,100 309,100 $281.00 880 247,280
A. Materials requisitions 395,500$
B. Work in process, June 1 60,500$
2.
June 30 balances:
Materials 17,000$ Debit
Problem 19-4A
Name:
Solution
Section:
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ON
Score:
Instructions
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Enter a zero in cells you would otherwise leave blank.
1. Supporting calculations:
May 1 Cost of
Work in Direct Direct Factory Total Unit Units Goods
Job. No. Style Quantity Process Materials Labor Overhead Cost Cost Sold Sold
No. 101 AF1 330 82,500$ 59,400$
No. 102 AF3 380 105,400 72,600
No. 103 AF2 500 132,000 110,000
No. 104 VY1 400 66,000 39,600
No. 105 VY2 660 118,800 66,000
No. 106 AF4 330 66,000 30,800
Total 2,600 570,700$ 378,400$
A. Materials requisitions
B. Work in process, May 1
C. Work in process materials
D. Work in process direct labor
E. Work in process factory overhead applied
F. Work in process completed jobs transferred out
G. Cost of goods sold
H. Indirect labor included in factory overhead
2.
May 31 balances:
Materials
Work in Process
Finished Goods
Factory Overhead
0%
Problem 19-4B
Name:
Section:
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[Key code here]
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Score:
Key Code:
Instructions
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Enter a zero in cells you would otherwise leave blank.
1. Supporting calculations:
May 1 Cost of
Work in Direct Direct Factory Total Unit Units Goods
Job. No. Style Quantity Process Materials Labor Overhead Cost Cost Sold Sold
No. 101 AF1 330 26,400$ 82,500$ 59,400$ 29,700$ 198,000$ $600.00 264 158,400$
No. 102 AF3 380 46,000 105,400 72,600 36,300 260,300 $685.00 360 246,600
A. Materials requisitions 586,100$
B. Work in process, May 1 72,400$
C. Work in process materials 570,700$
2.
May 31 balances:
Materials 19,500$ Debit
Work in Process 409,200$ Debit
Problem 19-4B
Name:
Solution
Section:
Instructions
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ON
Score:
An asterisk (*) will appear to the right of an incorrect entry.
1.
Sales
Gross profit
Selling expenses:
Total selling expenses
Administrative expenses:
Total operating expenses
Income from operations
Cost of goods sold supporting calculation:
Manufacturing cost per unit (knife):
Direct materials:
Hardened steel blanks
Wood (for handle)
Packaging
Total direct materials
Direct labor
Factory overhead
Total manufacturing cost per knife
x Number of units sold
Cost of goods sold
2.
Finished goods inventory balance, December 31, 2016:
Units produced
Less: Units sold
Units remaining in inventory
x Manufacturing cost per unit
Balance
Work in process inventory balance, December 31, 2016:
Additional units waiting for assembly
x Direct materials and overhead per unit
For the Year Ended December 31, 2016
0%
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[Key code here]
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Score:
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Instructions
Problem 19-5A
Name:
Section:
GINOCERA INC.
Income Statement
Balance
An asterisk (*) will appear to the right of an incorrect entry.
1.
Sales 17,920,000$
10,864,000
Gross profit 7,056,000$
Selling expenses:
3,600,000$
Cost of goods sold supporting calculation:
Manufacturing cost per unit (knife):
Direct materials:
Hardened steel blanks 4.00$
Wood (for handle) 1.50
Packaging 0.50
Total direct materials 6.00$
2.
Finished goods inventory balance, December 31, 2016:
Units produced 1,200,000
Less: Units sold 1,120,000
Promotional materials
Cost of goods sold
GINOCERA INC.
Income Statement
For the Year Ended December 31, 2016
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Instructions
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Problem 19-5A
Name:
Solution
Section:
ON
An asterisk (*) will appear to the right of an incorrect entry.
1.
Sales
Gross profit
Selling expenses:
Total selling expenses
Income from operations
Cost of goods sold supporting calculation:
Manufacturing cost per unit:
Direct materials:
Leather
Velvet (for interior)
Packaging
Total direct materials
Direct labor
Factory overhead
Total manufacturing cost per unit
x Number of units sold
Cost of goods sold
2.
Finished goods inventory balance, December 31, 2016:
Units produced
Less: Units sold
Units remaining in inventory
x Manufacturing cost per unit
Balance
Work in process inventory balance, December 31, 2016:
Additional units waiting for assembly
x Direct materials and overhead per unit
Balance
0%
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[Key code here]
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Score:
Key Code:
Instructions
Problem 19-5B
Name:
Section:
TECHNOLOGY ACCESSORIES INC.
Income Statement
For the Year Ended December 31, 2016
An asterisk (*) will appear to the right of an incorrect entry.
1.
Sales 18,400,000$
11,914,000
Cost of goods sold supporting calculation:
Manufacturing cost per unit:
Direct materials:
Leather 10.00$
Velvet (for interior) 5.00
2.
Finished goods inventory balance, December 31, 2016:
Units produced 500,000
Less: Units sold 460,000
Score:
Instructions
Answers are entered in the cells with gray backgrounds.
Cost of goods sold
Income Statement
For the Year Ended December 31, 2016
TECHNOLOGY ACCESSORIES INC.
Problem 19-5B
Name:
Solution
Section:
ON
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