For the year ended December 31, 2022, the job cost sheets of Crane Company contained the following data. Direct Materials Total Costs $20,500 $23,616 $63,796 24,600 35,424 89,544 9,020 Job Number 7642 Other data: 1. 7641 2. 3. 5. 4. 7640 6. 7. Explanation Balance 1/1. Current year's costs Balance 1/1 Current year's costs Current year's costs 35,260 47,560 Direct Labor $19,680 29,520 14,760 39,360 45,100 Manufacturing Overhead 17,712 41,492 47,232 121,852 54,120 146,780 Raw materials inventory totaled $12,300 on January 1. During the year, $114,800 of raw materials were pu account. Finished goods on January 1 consisted of Job No. 7638 for $71,340 and Job No. 7639 for $75,440. Job No. 7640 and Job No. 7641 were completed during the year. Job Nos. 7638,7639, and 7641 were sold on account for $434,600. Manufacturing overhead incurred on account totaled $98,400. Incurred depreciation on factory machinery $6,560. Assigned indirect materials of $11,480 and indirect labor of $14,760.

For the year ended December 31, 2022, the job cost sheets of Crane Company contained the following data. Direct Materials Total Costs $20,500 $23,616 $63,796 24,600 35,424 89,544 9,020 Job Number 7642 Other data: 1. 7641 2. 3. 5. 4. 7640 6. 7. Explanation Balance 1/1. Current year's costs Balance 1/1 Current year's costs Current year's costs 35,260 47,560 Direct Labor $19,680 29,520 14,760 39,360 45,100 Manufacturing Overhead 17,712 41,492 47,232 121,852 54,120 146,780 Raw materials inventory totaled $12,300 on January 1. During the year, $114,800 of raw materials were pu account. Finished goods on January 1 consisted of Job No. 7638 for $71,340 and Job No. 7639 for $75,440. Job No. 7640 and Job No. 7641 were completed during the year. Job Nos. 7638,7639, and 7641 were sold on account for $434,600. Manufacturing overhead incurred on account totaled $98,400. Incurred depreciation on factory machinery $6,560. Assigned indirect materials of $11,480 and indirect labor of $14,760.

Name: Sh15Please help me Solution Thankyou For the year ended December 31, 2
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Description: Sh15Please help me Solution Thankyou For the year ended December 31, 2022, the job cost sheets of Crane Company contained the following data.DirectMaterialsDirectLaborTotalCosts$20,500$19,680$23,616 $63,79624,60035,42489,5449,020JobNumber76411.Other

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter26: Manufacturing Accounting: The Job Order Cost System

Section: Chapter Questions

Problem 1CP

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