Phillips Corporatian\'s fizcal year endson November 30. The fllowing accouns are
ID: 2332092 • Letter: P
Question
Phillips Corporatian's fizcal year endson November 30. The fllowing accouns are found in itsjobcrder coz sccounting zystem for the firat month of the new fizcal year Other data: 1 on December 1 ti jobs were in process: Job No. 154 and Iob No. 155 These jobs had combined direct materials coats of $9.950 and direct labor costs of $15 700. Overhead as applied at rate that as 75% of direct labor coat 2. During Dece be Job Nos 156 157 and 158 er* started On Decembe 31. Job No 158 as unf shed. This ob had charges or direct aterials s3.900· drect labor $5.000, p us menufacturing eve head. All ebs except for Job No. 158 3. On December 1. Job No. 153 wes in the finished goods warehouse. It hed s totel cost of 5,400. On December 31. Job No. 157 was the ony job finished thet wes not sold. It had a cost of $4.400 A. Manufacturing overhesd was $1220 underapp ed in December ore comp eed in Dece mber. Lisz che lecter (athrough (m) and indicate the amount pertaining to each leter Raw Materials Inventory Dec Beginning balance De31 Reqiitiona 18,950 3t Purchases Dec 31 Ending baanca 18.225 Work in Process Inventory De 1 Beginning bslence b) Dec, 31 Jbs completed 31 Direct materials 31 Direct labor 31 Overhead 9,000 d) Dec. 31 Ecng alance Finished Goods Inventory Dec. 1 Beginning balance g) Dec, 31 Cosogoods sold 31 Comp ared job 0) Factory Labor Dec31 Ending balance Dec, 31 ctry wages 12.125 Dc3 Wages ssigned Ck) Dac. 31 Indirect matarial: 3,500 31 Ovarhead app sd 31 Indirect labor 31 Other ovarhcad 1 345 click if you would like to show Work for this question: Open Shom Work Question Attempts: 0 of 5 used SAVE FORExplanation / Answer
A. 18950+8135-18225= 8860
B. 9950+15700+(15700*75%) = 37425
C. 18950-3500 = 15450
D. 9000 * 75% = 6750
E. 3900+5000+(5000*75%) = 12650
F. 37425+15450+9000+6750-12650= 55975
G. 5400 (given in the question)
H. 55975 (from the point F)
I. 5400+55975-4400 = 56975
J. 4400 (given in the question)
K. 12125 (equal to opposite side)
L. 12125-9000 = 3125
M. 3500+3125+1345-1220 = 6750