At the beginning of June, Rhone Company had two jobs in process, Job 44 and Job...

At the beginning of June, Rhone Company had two jobs in process, Job 44 and Job 45, with the following accumulated cost information:

	Job 44	Job 45
Direct materials	$5,250	$1,600
Direct labor	1,500	3,300
Applied overhead	1,125	2,475
Balance, June 1	$7,875	$7,375

During June, two more jobs (46 and 47) were started. The following direct materials and direct labor costs were added to the four jobs during the month of June:

	Job 44	Job 45	Job 46	Job 47
Direct materials	$2,300	$7,110	$1,750	$1,700
Direct labor	720	6,320	900	500

At the end of June, Jobs 44, 45, and 47 were completed. Only Job 45 was sold. On June 1, the balance in Finished Goods was zero.

Rhone Company

Job-Order Cost Sheets

For the Month of June

1		Job 44	Job 45	Job 46	Job 47
2	Beginning balance, June 1	7875	7375	0	0
3	Direct materials	2300	7110	1750	1750
4	Direct labor	720	6320	900	✔
5	Applied overhead
6	Total, June 30

Calculate the ending balances of Work in Process and Finished Goods as of June 30.

Work in Process:
Finished Goods:

4. Calculate the Cost of Goods Sold for June.

Cost of Goods Sold:

Solutions

Expert Solution

ekkarill92 answered 1 year ago

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