Chapter 19, Problem 12QS

Manufacturing cost flows

P1 P2 P3

Refer to the information in QS 19-9. During the month, the jobs used direct labor as shown below. Jobs 1 and 3 are not finished by the end of March, and Job 2 is finished but not sold by the end of March. (1) Determine the amounts of direct materials, direct labor, and factory overhead applied that would be reported on job cost sheets for each of the three jobs for March. (2) Determine the total dollar amount of Work in Process Inventory at the end of March. (3) Determine the total dollar amount of Finished Goods Inventory at the end of March. Assume the company has no beginning Work in Process or Finished Goods inventories.

Job 1 Job 2 Job 3

Direct labor used................ $9,000 $4,000 $3,000