Manufacturing cost data for Sheffield Company, which uses a job order cost system, are presented below. Indicate the missing amount for each letter. Assume that in all cases manufacturing overhead is applied on the basis of direct labor cost and the rate is the same. (Round overhead rate to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, e.g. 5,275.) Case A Case B Case C Direct materials used $ enter a dollar amount rounded to 0 decimal placesenter a dollar amount rounded to 0 decimal places (a) $ 88,800 $ 64,150 Direct labor 55,000 146,900 enter a dollar amount rounded to 0 decimal placesenter a dollar amount rounded to 0 decimal places (h) Manufacturing overhead applied 44,000 enter a dollar amount rounded to 0 decimal placesenter a dollar amount rounded to 0 decimal places (d) enter a dollar amount rounded to 0 decimal placesenter a dollar amount rounded to 0 decimal places (i) Total manufacturing costs 151,950 enter a dollar amount rounded to 0 decimal placesenter a dollar amount rounded to 0 decimal places (e) 214,000 Work in process 1/1/20 enter a dollar amount rounded to 0 decimal placesenter a dollar amount rounded to 0 decimal places (b) 22,700 18,800 Total cost of work in process 212,100 enter a dollar amount rounded to 0 decimal placesenter a dollar amount rounded to 0 decimal places (f) enter a dollar amount rounded to 0 decimal placesenter a dollar amount rounded to 0 decimal places (j) Work in process 12/31/20 enter a dollar amount rounded to 0 decimal placesenter a dollar amount rounded to 0 decimal places (c) 15,100 enter a dollar amount rounded to 0 decimal placesenter a dollar amount rounded to 0 decimal places (k) Cost of goods manufactured 194,000 enter a dollar amount rounded to 0 decimal placesenter a dollar amount rounded to 0 decimal places

College Accounting, Chapters 1-27 (New in Accounting from Heintz and Parry)

22nd Edition

ISBN:9781305666160

Author:James A. Heintz, Robert W. Parry

Publisher:James A. Heintz, Robert W. Parry

Chapter26: Manufacturing Accounting: The Job Order Cost System

Section: Chapter Questions

Problem 10SPB

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Manufacturing cost data for Sheffield Company, which uses a job order cost system, are presented below.

Indicate the missing amount for each letter. Assume that in all cases manufacturing overhead is applied on the basis of direct labor cost and the rate is the same. (Round overhead rate to 2 decimal places, e.g. 15.25 and final answers to 0 decimal places, e.g. 5,275.)

	Case A		Case B		Case C
Direct materials used	$ enter a dollar amount rounded to 0 decimal placesenter a dollar amount rounded to 0 decimal places	(a)		$ 88,800		$ 64,150
Direct labor	55,000			146,900		enter a dollar amount rounded to 0 decimal placesenter a dollar amount rounded to 0 decimal places	(h)
Manufacturing overhead applied	44,000			enter a dollar amount rounded to 0 decimal placesenter a dollar amount rounded to 0 decimal places	(d)	enter a dollar amount rounded to 0 decimal placesenter a dollar amount rounded to 0 decimal places	(i)
Total manufacturing costs	151,950			enter a dollar amount rounded to 0 decimal placesenter a dollar amount rounded to 0 decimal places	(e)	214,000
Work in process 1/1/20	enter a dollar amount rounded to 0 decimal placesenter a dollar amount rounded to 0 decimal places	(b)		22,700		18,800
Total cost of work in process	212,100			enter a dollar amount rounded to 0 decimal placesenter a dollar amount rounded to 0 decimal places	(f)	enter a dollar amount rounded to 0 decimal placesenter a dollar amount rounded to 0 decimal places	(j)
Work in process 12/31/20	enter a dollar amount rounded to 0 decimal placesenter a dollar amount rounded to 0 decimal places	(c)		15,100		enter a dollar amount rounded to 0 decimal placesenter a dollar amount rounded to 0 decimal places	(k)
Cost of goods manufactured	194,000			enter a dollar amount rounded to 0 decimal placesenter a dollar amount rounded to 0 decimal places	(g)	229,300

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