The world’s Largest Sharp Brain Virtual Experts Marketplace Just a click Away
Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 402 Weeks Ago, 3 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
On September 1, two jobs were in process at Pete’s Patios. Details of the jobs follow: Job Number Direct Materials Direct Labor PP-24 $ 1,004 $ 362 PP-30 625 1,760 -------------------------------------------------------------------------------- Materials Inventory on September 1 totaled $5,460, and $724 worth of materials was purchased during the month. Indirect materials of $99 were withdrawn from materials inventory. On September 1, finished goods inventory consisted of two jobs, PP-12, costing $2,334, and PP-14, with a cost of $924. Costs for both jobs were transferred to Cost of Services Billed during the month. Also during September, Jobs PP-24 and PP-30 were completed. Completing Job PP-24 required an additional $1,440 in direct labor. The completion costs for Job PP-30 included $664 in direct materials and $4,300 in direct labor. Pete’s Patios used a total of $1,894 of direct materials (excluding the $99 indirect materials) during the period, and total direct labor costs during the month amounted to $8,090. Overhead has been estimated at 50 percent of direct labor costs, and this relation has been the same for the past few years. Required: Compute the costs to complete Jobs PP-24 and PP-30 and the balances in the September 30 inventory accounts. (Omit the "$" sign in your response.) Balance as on September 30 Materials Inventory $ Balance as on September 30 Work-in-Process Inventory $ Balance as on September 30 Finished Goods Inventory $
Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll