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Stone Creek Furniture Factory (SCFF), a custom furniture manufacturer, uses job order costing to track...

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Accounting

Stone Creek Furniture Factory (SCFF), a custom furniture manufacturer, uses job order costing to track the cost of each customer order. On March 1, SCFF had two jobs in process with the following costs:

Work in Process Balance on 3/1
Job 33 $ 5,200
Job 34 4,900
$ 10,100

Source documents revealed the following during March:

Materials Requisitions Forms Labor Time Tickets Status of Job at Month-End
Job 33 $ 2,300 $ 5,900 Completed and sold
Job 34 3,600 3,600 Completed, but not sold
Job 35 4,900 3,400 In process
Indirect 1,500 2,000
$ 12,300 $ 14,900

The company applies overhead to products at a rate of 65 percent of direct labor cost.

Requirement 2:
Calculate the balance in the Work in Process Inventory, Finished Goods Inventory, and Cost of Goods Sold accounts at month-end. (Omit the "$" sign in your response.)

Work in process $
Finished goods inventory $
Cost of goods sold $

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