Vaughn Church Furniture manufactures custom pews, altars, and pulpits for churches across the southern United States. Since eachorder is unique, Vaughn uses a job order costing system. During the month of June, Vaughn worked on orders for three churches: FaithChurch, Grace Church, and Hope Church. Production on the Faith and Grace orders began in May, and the Faith job was completed inJune. Production on the Hope order began in June and was incomplete at the end of the month. Vaughn applies overhead to each jobbased on machine hours. Prior to the year, managers had estimated manufacturing overhead at $ 693,000, along with 21,000 machinehours. Additional cost information related to the three orders is as follows:FaithGraceHopeBeginning balance, June 1$ 4,000$ 2,800Direct materials, June$ 8,300$ 6,500$ 4,000Direct labor, June$ 13,000$7,000$ 5,500Manufacturing OH, June??Machine hours, June2,2001,3001,400 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

Works-In-Progress: It is a manufacturing supply management phrase used to describe partially…

Answered: Vaughn Church Furniture manufactures…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Coronado Church Furniture manufactures custom pews, altars, and pulpits for churches across the southern United States. Since each order is unique, Coronado uses a job order costing system. During the month of June, Coronado 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. Coronado applies overhead to each job based on machine hours. Prior to the year, managers had estimated manufacturing overhead at $888,000, along with 24,000 machine hours. Additional cost information related to the three orders is as follows: Faith Grace Hope Beginning balance, June 1 $4,000 $2,600 — Direct materials, June $8,200 $6,200 $3,600 Direct labor, June $13,800 $7,500 $5,500 Manufacturing OH, June ? ? ? Machine hours, June 2,000…
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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
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