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Prepare Job-Order Cost Sheets, Predetermined Overhead Rate, Ending Balance of WIP, Finished Goods, and COGS

At the beginning of June, Rhone Company had two jobs in process, Job 44 and Job 45, with the following accumulated cost information:

	Job 44	Job 45
Direct materials	$4,850	$1,550
Direct labor	1,700	3,300
Applied overhead	1,105	2,145
Balance, June 1	$7,655	$6,995

During June, two more jobs (46 and 47) were started. The following direct materials and direct labor costs were added to the four jobs during the month of June:

	Job 44	Job 45	Job 46	Job 47
Direct materials	$2,550	$7,080	$1,600	$1,700
Direct labor	700	6,340	800	660

At the end of June, Jobs 44, 45, and 47 were completed. Only Job 45 was sold. On June 1, the balance in Finished Goods was zero.

Required:

1. Calculate the overhead rate based on direct labor cost. The overhead rate based on direct labor cost is fill in the blank 37afab07ffe2051_1 %.

2. Prepare a brief job-order cost sheet for the four jobs. Show the balance as of June 1 as well as direct materials and direct labor added in June. Apply overhead to the four jobs for the month of June, and show the ending balances. All amount cells must have an entry; enter zeros as needed.

Rhone Company
Job-Order Cost Sheets
For the Month of June
	Job 44	Job 45	Job 46	Job 47
Beginning balance, June 1	$fill in the blank db9c39f90fc6003_1	$fill in the blank db9c39f90fc6003_2	$fill in the blank db9c39f90fc6003_3	$fill in the blank db9c39f90fc6003_4
Direct materials	fill in the blank db9c39f90fc6003_5	fill in the blank db9c39f90fc6003_6	fill in the blank db9c39f90fc6003_7	fill in the blank db9c39f90fc6003_8
Direct labor	fill in the blank db9c39f90fc6003_9	fill in the blank db9c39f90fc6003_10	fill in the blank db9c39f90fc6003_11	fill in the blank db9c39f90fc6003_12
Applied overhead	fill in the blank db9c39f90fc6003_13	fill in the blank db9c39f90fc6003_14	fill in the blank db9c39f90fc6003_15	fill in the blank db9c39f90fc6003_16
Total, June 30	$fill in the blank db9c39f90fc6003_17	$fill in the blank db9c39f90fc6003_18	$fill in the blank db9c39f90fc6003_19	$fill in the blank db9c39f90fc6003_20

3. Calculate the ending balances of Work in Process and Finished Goods as of June 30.

Work in Process:	$fill in the blank 04203f08c040039_1
Finished Goods:	$fill in the blank 04203f08c040039_2

4. Calculate the Cost of Goods Sold for June.

Cost of Goods Sold:

$fill in the blank 04203f08c040039_3

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