Date Desctiption Debit Credit

No.
19xx
1 Feb 16 Materials Inventory $ 15,000
Account Payable $ 15,000

2 Feb 16 Work-in-process inventory-job 66 $ 10,500

Work-in-process inventory-job 67 $ 980
Materials Inventory $ 11,480
Factory overhead control-finishing $ 40
Materials Inventory $ 40

3 Feb 16 Work-in-process inventory-job 66 (labor) $ 3,175

Work-in-process inventory-job 67 (labor) $ 1,320
Factory overhead control-setting $ 700
Account Payable $ 5,195

Feb 23 Work-in-process inventory-job 67 (labor) $ 150

Factory overhead control-finishing $ 100
Account Payable $ 250

4 Feb 23 Factory overhead control-setting $ 2,875

Rent Expense $ 1,500
Depreciation-machinery $ 360
Depreciation-factory building $ 490
Utilities expense $ 225
Payroll taxes $ 300

5 Feb 23 Work-in-process inventory-job 66 (factory overhead) $ 3,619

Work-in-process inventory-job 67 (factory overhead) $ 1,643
Factory overhead applied-setting $ 4,740
Factory overhead applied-finishing $ 521

6 (a) Feb 27 Finish goods inventory $ 17,294

Work-in-process inventory-job 66 $ 17,294

6 (b) Feb 20 Finish goods inventory $ 4,093

Work-in-process inventory-job 67 $ 4,093

7 Feb 20 Cost of goods sold $ 3,943

Finish goods inventory-job 67 $ 3,943
Feb 20 Account Receiveable $ 4,200
Sales $ 4,200

Feb 28 Cost of goods sold $ 17,419

Finish goods inventory-job 66 $ 17,419
Feb 20 Account Receiveable $ 25,000
Sales $ 25,000
Total $ 112,050 $ 112,050
 COMPUTATIONS

[5] Departement Job 66 Sub-Total Job 67 Sub-Total Total

Setting 120% x $2750 $ 3,300 120% x $1200 $ 1,440 $ 4,740

Finishing 75% x $ 425 $ 319 75% x $ 270 $ 203 $ 521
$ 3,619 $ 1,643 $ 5,261

[6] (a) Computations :

Direct Material : $ 10,500
Direct Labor : $ 3,175
Factory Overhead : $ 3,619
Total $ 17,294

[6] (b) Computations:

Direct Material : $ 980
Direct Labor : $ 1,470
Factory Overhead : $ 1,643
Total $ 4,093
 JOB ORDER COST SHEET

Customer : The Kitchen Company Date Order : 16/Feb/19xx

Product : Chairs Date Started : 16/Feb/19xx
Quantity : 24 Date Requested : 20/Feb/19xx
Specification : - Date Completed : 20/Feb/19xx

JOB ORDER COST SHEET

Customer : The Kitchen Company Date Order : 16/Feb/19xx

Product : Chairs Date Started : 16/Feb/19xx
Quantity : 24 Date Requested : 20/Feb/19xx
Specification : - Date Completed : 20/Feb/19xx
 SETTING FORMING
Direct Material Direct Labor FOH (120% x DL)
Date Description Quantity Amount Week of Amount Date Amount
16-Feb Oakwood 7 sh $ 980 16-Feb $ 1,200 16-Feb $ 1,440

Sub Total $ 980 $ 1,200 $ 1,440

FINISHING FORMING
Direct Material Direct Labor FOH (75% x DL)
Date Description Quantity Amount Week of Amount Date Amount
 16-Feb $ 120 16-Feb $ 90 75%
23-Feb $ 150 23-Feb $ 113 75%
Sub Total $ - $ 270 $ 203
Total Setting and finishing $ 980 $ 1,470 $ 1,643

Selling Pirces $ 4,200

Cost :
Direct Material $ 980
Direct Labor $ 1,470
FOH $ 1,643
$ (4,093)
Gross Profit $ 108
 SETTING FORMING
Direct Material Direct Labor FOH (120$ x DL)
Date Description Quantity Amount Week of Amount Date Amount
16-Feb Oakwood 75 sh $ 10,500 16-Feb $ 2,750 16-Feb $ -

Sub Total $ 10,500 $ 2,750 $ -

FINISHING FORMING
Direct Material Direct Labor FOH (75%x DL)
Date Description Quantity Amount Week of Amount Date Amount
425 $ 425 16-Feb $ -
$ -
Sub Total $ - $ 425 $ -
Total Setting and finishing $ 10,500 $ 3,175 $ -

Selling Pirces $ 25,000

Cost :
Direct Material $ 10,500
Direct Labor $ 3,175
FOH $ -
$ (13,675)
Gross Profit $ 11,325