6.) Canton outdoor Equipment manufacturers custom ordered kayaks. Please show all your work, for full credit The following information pertains to transactions relating to productio in the month of August. n Work in Process Balance 6,000 Job 14 Aug. 1 Materials and labor were applied to the following jobs in August Customer jobs completed & units sold in August were as follows: Completed in Units sold in August Quantity Aug 14 100 25,000 S 18000 14 yes 1000 15 125 32,000 22,000 15 yes 100 16 150 40,000 34,000 16 no 17 125 20,000 12,000 17 yes 105 Factory overhead is applied at 50% of direct labor cost Complete the Job order Cost sheet 10 points Job No. Quantity Aug. 1 WIP Direct Materials LDirect Labor Factory OH Total Cost Unit Cost Units Sold COGS Cost of Good s solid What is the ending (Aug. 31) balance (in dollars) in the Work In Process Account? 3 points What is the ending lAug. 31) balance (in dollars) in the Finished Goods Account? 3 points 7) The following production data were taken from the records of the Finishing Department for the month of June: Inventory in process, June 1 (25% complete as to conversion) 4,000 units Completed units during June 71,000 units Ending inventory (60% complete as to conversion) 7,000 units Complete the chart below and determine the number of equivalent units of production for materials and conversion for June 30 Determine the cost per unitifthe Materials cost incurred was S92,500 & Conversion cost was S225,100 All materials were added at the beginning of the process. (10 points) Show transcribed image text 6.) Canton outdoor Equipment manufacturers custom ordered kayaks. Please show all your work, for full credit The following information pertains to transactions relating to productio in the month of August. n Work in Process Balance 6,000 Job 14 Aug. 1 Materials and labor were applied to the following jobs in August Customer jobs completed & units sold in August were as follows: Completed in Units sold in August Quantity Aug 14 100 25,000 S 18000 14 yes 1000 15 125 32,000 22,000 15 yes 100 16 150 40,000 34,000 16 no 17 125 20,000 12,000 17 yes 105 Factory overhead is applied at 50% of direct labor cost Complete the Job order Cost sheet 10 points Job No. Quantity Aug. 1 WIP Direct Materials LDirect Labor Factory OH Total Cost Unit Cost Units Sold COGS Cost of Good s solid What is the ending (Aug. 31) balance (in dollars) in the Work In Process Account? 3 points What is the ending lAug. 31) balance (in dollars) in the Finished Goods Account? 3 points 7) The following production data were taken from the records of the Finishing Department for the month of June: Inventory in process, June 1 (25% complete as to conversion) 4,000 units Completed units during June 71,000 units Ending inventory (60% complete as to conversion) 7,000 units Complete the chart below and determine the number of equivalent units of production for materials and conversion for June 30 Determine the cost per unitifthe Materials cost incurred was S92,500 & Conversion cost was S225,100 All materials were added at the beginning of the process. (10 points)
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