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Reyes Manufacturing Company uses a job order cost system. At the beginning of January, the company had one job in process (Job 201) and one job completed but not yet sold (Job 200). Job 202 was started during January. Other select account balances follow (ignore any accounts that are not listed). During January, the company had the following transactions: Purchased $64,000 worth of materials on account. Recorded materials issued to production as follows: Job Number Total Cost 201 $ 10,300 202 21,700 Indirect materials 6,300 $ 38,300 Recorded factory payroll costs from labor time tickets that revealed the following: Job Number Hours Total Cost 201 111 $ 2,100 202 390 10,400 Factory supervision 5,800 $ 18,300 Applied overhead to production at a rate of $28.00 per direct labor hour for 501 actual direct labor hours. Recorded the following actual manufacturing overhead costs: Item Total Cost Description Factory rent $ 3,400 Paid in cash Depreciation 4,100 Factory equipment Factory utilities 2,700 Incurred but not paid Factory insurance 2,900 Prepaid policy $ 13,100 Completed Job 201 and transferred it to Finished Goods Inventory. Sold Job 200 for $50,600. Job 202 was still in process at the end of January. Required: Post the preceding transactions to T-accounts. (Note: Capture the offsetting of debits and credits to other accounts such as Cash, Payables, Accumulated Depreciation, and so on in Miscellaneous Accounts.) Compute the ending balance in the following accounts: Raw Materials Inventory. Work in Process Inventory. Finished Goods Inventory. Cost of Goods Sold (unadjusted). Manufacturing Overhead (Specify if overhead is overapplied or underapplied). Compute the total cost of Jobs 201 and 202 at the end of January.

d. Applied overhead to production at a rate of $28.00 per direct labor hour for 501 actual direct labor hours. e. Recorded the following actual manufacturing overhead costs: f. Completed Job 201 and transferred it to Finished Goods Inventory. g. Sold Job 200 for $50,600. Job 202 was still in process at the end of January. Required: 1. Post the preceding transactions to T-accounts. (Note: Capture the offsetting of debits and credits to other accounts such as Cash, Payables, Accumulated Depreciation, and so on in Miscellaneous Accounts.) 2. Compute the ending balance in the following accounts: a. Raw Materials Inventory. b. Work in Process Inventory. c. Finished Goods Inventory. d. Cost of Goods Sold (unadjusted). f. Completed Job 201 and transferred it to Finished Goods Inventory. g. Sold Job 200 for $50,600. Job 202 was still in process at the end of January. Required: 1. Post the preceding transactions to T-accounts. (Note: Capture the offsetting of debits and credits to other accounts such as Cash, Payables, Accumulated Depreciation, and so on in Miscellaneous Accounts.) 2. Compute the ending balance in the following accounts: a. Raw Materials Inventory. b. Work in Process Inventory. c. Finished Goods Inventory. d. Cost of Goods Sold (unadjusted). e. Manufacturing Overhead (Specify if overhead is overapplied or underapplied). 3. Compute the total cost of Jobs 201 and 202 at the end of January. Complete this question by entering your answers in the tabs below. Reyes Manufacturing Company uses a job order cost system. At the beginning of January, the company had one job in process (Job 201) and one job completed but not yet sold (Job 200). Job 202 was started during January. Other select account balances follow (ignore any accounts that are not listed). During January, the company had the following transactions: a. Purchased $64,000 worth of materials on account. b. Recorded materials issued to production as follows: c. Recorded factory payroll costs from labor time tickets that revealed the following: Post the preceding transactions to T-accounts. (Note: Capture the offsetting of debits and credits to other accounts such as Cash, Payables, Accumulated Depreciation, and so on in Miscellaneous Accounts.) Complete this question by entering your answers in the tabs below. Compute the ending balance in the following accounts: a. Raw Materials Inventory. b. Work in Process Inventory. c. Finished Goods Inventory. d. Cost of Goods Sold (unadjusted). e. Manufacturing Overhead (Specify if overhead is overapplied or underapplied). Complete this question by entering your answers in the tabs below. Compute the total cost of Jobs 201 and 202 at the end of January

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