Hello, Can you please assist. I have completed the first portion, but I am...

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Accounting

Hello,

Can you please assist. I have completed the first portion, but I am stuck on 5 on Adding: Begining work in process inventory when I am completing the Statement of Cost of Goods Manufactured for July

Haughton Company uses a job costing system for its production costs and a predetermined factory overhead rate based on direct labor costs to apply factory overhead to all jobs. During the month of July, the firm processed three jobs: X13, X14, and X15, of which X13 was started in June

July 1

July 31

Inventories

Direct Materials

$

37,400

?

Work-in-Process

42,800

?

Finished Goods

0

0

Cost of Goods Sold

$

?

Direct materials purchased in July

64,000

Materials issued to production:

X13

17,460

X14

31,420

X15

14,450

Factory labor hours used ($30/hour):

X13

3,950

X14

3,250

X15

2,050

Indirect labor

7,350

Other factory overhead costs incurred:

Rent

$

136,000

Utilities

551,850

Repairs and maintenance

193,000

Depreciation

135,600

Other

60,500

5. Prepare the Statement of Cost of Goods Manufactured for July.

6. Compute the amount of overapplied or underapplied overhead.

7. What is the cost per unit of Job X13 if it has a total of 100 units?

8. Prepare the Statement of Cost of Goods Sold for July.

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