Please Answer Part B . I got 15600 = job 101 and 7920 = job 111 for part A !!! T

Question

Please Answer Part B. I got 15600 = job 101 and 7920 = job 111 for part A !!!

Triple C Ltd. is in the business of manufacturing cabinets, computer stands, and countertops. Most of its jobs are contracts for home builders. The following information is available for the month of July: Costs Incurred Added in July to July 1 Direct Direct Direct Direct Job Number Materials Labour Materials Labour Status at July 31 101 103 $9,000 $2,000 2,500 1,500 100 $0 $1,000 Completed but not sold ? Not completed 600 500 3,000 Completed but not sold 115 $800 200 Not completed Activity in accounts: Ending Balance July 31 Balance Purchased Issued/Used in July in July Opening Account Direct Materials Direct Labour July 1 $3,000 $4,900 8,000 $6,000 On July 1, finished goods inventory consisted of one job, 105, with a total cost of $18,000. This job was sold during July (Note: Manufacturing overhead is applied at 120% of the direct labour cost.) (a) Calculate the costs of completed jobs 101 and 111 as at July 31 Job 101 Job 111 Cost assigned

Explanation / Answer

a) Cost of Job 101 and Job 111 Job 101 Job 111 Direc Material Direct Labour Total Direc Material Direct Labour Total Opening Bal 9000 2000 11000 600 100 700 Add:- During the Month 0 1000 1000 500 3000 3500 9000 3000 12000 4200 Add:_ Manufacturing Overhead @ 120% of Direct Labour 1200 3600 Total Cost 13200 7800 B) Inventory Opening Purchase issue Closing (a) (b) (c ) (d) = a+b-c Direct Material 3000 6000 4900 4100

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