LO 2, 3, 4 SPREADSHEET 2: Cost of units completed during the month: $185,073...

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LO 2, 3, 4 SPREADSHEET 2: Cost of units completed during the month: $185,073 Job Order Cost Flow P3. On May 31, the inventory balances of Tog Designs, a manufacturer of high-quality children's clothing, were as follows: Materials Inventory, $21,360; Work in Process Inventory, $15,112; and Finished Goods Inventory, $17,120. Job order cost cards for jobs in process as of June 30 had the following totals: Job No. Direct Materials Direct Labor Overhead 24-A $1,593 $1,290 $1,677 24-B 1,492 1,380 1,794 24-C 1,987 1,760 2,288 24-D 1,608 1,540 2,002 The predetermined overhead rate is 130 percent of direct labor costs. Materials pur- chased and received in June were as follows. June 4 June 16 June 22 $33,120 28,600 31,920 Direct labor costs for June were as follows. June 15 payroll June 29 payroll $23,680 25,960 (Continued) Direct materials requested by production during June were as follows. June 6 $37,240 June 23 38,960 On June 30, Tog Designs sold on account finished goods with a cost of $183,000 for $320,000. REQUIRED 1. Using T accounts for Materials Inventory, Work in Process Inventory, Finished Goods Inventory, Overhead, Accounts Receivable, Payroll Payable, Sales, and Cost of Goods Sold, reconstruct the transactions in June, including applying overhead to production. 2. Compute the cost of units completed during the month. 3. Determine the ending inventory balances. 4. Jobs 24-A and 24-C were completed during the first week of July. No additional materi- als costs were incurred, but Job 24-A required $960 more of direct labor, and Job 24-C needed an additional $1,610 of direct labor. Job 24-A was composed of 1,800 pairs of trousers; Job 24-C, of 900 shirts. Compute the product unit cost for each job

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