for September: Added During September 1 3 Job Number order costing system. The following information was recorded September 1 Inventory $2,000 2,400 1,500 1,750 Direct Materials $300 250 1,500 4,000 a) What is the ending Work in Process inventory? b) What is the cost of goods manufactured for September? Direct Labour $200 300 150 400 The direct labour wage rate is $10 per hour. Overhead is applied at the rate of $5 per direct labour hour. Jobs 1, 2, and 3 have been completed and transferred to finished goods. Job 2 has been delivered to the customer
for September: Added During September 1 3 Job Number order costing system. The following information was recorded September 1 Inventory $2,000 2,400 1,500 1,750 Direct Materials $300 250 1,500 4,000 a) What is the ending Work in Process inventory? b) What is the cost of goods manufactured for September? Direct Labour $200 300 150 400 The direct labour wage rate is $10 per hour. Overhead is applied at the rate of $5 per direct labour hour. Jobs 1, 2, and 3 have been completed and transferred to finished goods. Job 2 has been delivered to the customer
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The Geller Company uses a job-order costing system. The following information was recorded
for September:
Added During September
Job Number
1
2
3
September 1 Inventory
$2,000
2,400
1,500
1,750
Direct Materials
$300
250
1,500
4,000
a) What is the ending Work in Process inventory?
b) What is the cost of goods manufactured for September?
Direct Labour
$200
300
150
400
The direct labour wage rate is $10 per hour. Overhead is applied at the rate of $5 per direct
labour hour. Jobs 1, 2, and 3 have been completed and transferred to finished goods. Job 2 has
been delivered to the customer
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