Vaughn Church Furniture manufactures custom pews, altars, and pulpits for churches across the southern United States. Since each order is unique, Vaughn uses a job order costing system. During the month of June, Vaughn worked on orders for three churches: Faith Church, Grace Church, and Hope Church. Production on the Faith and Grace orders began in May, and the Faith job was completed in June. Production on the Hope order began in June and was incomplete at the end of the month. Vaughn applies overhead to each job based on machine hours. Prior to the year, managers had estimated manufacturing overhead at $ 693,000, along with 21,000 machine hours. Additional cost information related to the three orders is as follows: Faith Grace Hope Beginning balance, June 1 $ 4,000 $ 2,800 Direct materials, June $ 8,300 $ 6,500 $ 4,000 Direct labor, June $ 13,000 $7,000 $ 5,500 Manufacturing OH, June ? ? ? Machine hours, June 2,200 1,300 1,400
Vaughn Church Furniture manufactures custom pews, altars, and pulpits for churches across the southern United States. Since each order is unique, Vaughn uses a job order costing system. During the month of June, Vaughn worked on orders for three churches: Faith Church, Grace Church, and Hope Church. Production on the Faith and Grace orders began in May, and the Faith job was completed in June. Production on the Hope order began in June and was incomplete at the end of the month. Vaughn applies overhead to each job based on machine hours. Prior to the year, managers had estimated manufacturing overhead at $ 693,000, along with 21,000 machine hours. Additional cost information related to the three orders is as follows: Faith Grace Hope Beginning balance, June 1 $ 4,000 $ 2,800 Direct materials, June $ 8,300 $ 6,500 $ 4,000 Direct labor, June $ 13,000 $7,000 $ 5,500 Manufacturing OH, June ? ? ? Machine hours, June 2,200 1,300 1,400
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
![Vaughn Church Furniture manufactures custom pews, altars, and pulpits for churches across the southern United States. Since each
order is unique, Vaughn uses a job order costing system. During the month of June, Vaughn worked on orders for three churches: Faith
Church, Grace Church, and Hope Church. Production on the Faith and Grace orders began in May, and the Faith job was completed in
June. Production on the Hope order began in June and was incomplete at the end of the month. Vaughn applies overhead to each job
based on machine hours. Prior to the year, managers had estimated manufacturing overhead at $ 693,000, along with 21,000 machine
hours. Additional cost information related to the three orders is as follows:
Faith
Grace
Hope
Beginning balance, June 1
$ 4,000
$ 2,800
Direct materials, June
$ 8,300
$ 6,500
$ 4,000
Direct labor, June
$ 13,000
$7,000
$ 5,500
Manufacturing OH, June
?
?
Machine hours, June
2,200
1,300
1,400](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8ad87420-52d2-4e34-815e-eb9bcb5c95c0%2Ff4ce68b0-eaf7-4298-8bcd-13e34d4549e5%2Fxirbivi_processed.png&w=3840&q=75)
Transcribed Image Text:Vaughn Church Furniture manufactures custom pews, altars, and pulpits for churches across the southern United States. Since each
order is unique, Vaughn uses a job order costing system. During the month of June, Vaughn worked on orders for three churches: Faith
Church, Grace Church, and Hope Church. Production on the Faith and Grace orders began in May, and the Faith job was completed in
June. Production on the Hope order began in June and was incomplete at the end of the month. Vaughn applies overhead to each job
based on machine hours. Prior to the year, managers had estimated manufacturing overhead at $ 693,000, along with 21,000 machine
hours. Additional cost information related to the three orders is as follows:
Faith
Grace
Hope
Beginning balance, June 1
$ 4,000
$ 2,800
Direct materials, June
$ 8,300
$ 6,500
$ 4,000
Direct labor, June
$ 13,000
$7,000
$ 5,500
Manufacturing OH, June
?
?
Machine hours, June
2,200
1,300
1,400
![What is the balance in Vaughn's Work in Process Inventory account at the end of June?
Balance in work in process inventory account
$
%24](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8ad87420-52d2-4e34-815e-eb9bcb5c95c0%2Ff4ce68b0-eaf7-4298-8bcd-13e34d4549e5%2F3jm1i7k_processed.png&w=3840&q=75)
Transcribed Image Text:What is the balance in Vaughn's Work in Process Inventory account at the end of June?
Balance in work in process inventory account
$
%24
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