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The Gorrill Construction Company employs a job order cost system.

Actual operations for the month ended October, 2020 are summarized below:

Beginning work in process inventory was $62,400 consisting of

Job No. 300 : $22,000;

Job No. 400 : $16,000;

Job No. 500 : $24,400.

a) Materials purchased $180,000 on account.

b) Materials Used: (Job 300 did not require any more materials)

Job No.
400	$ 6,000
500	$ 12,000
600	$ 24,000
700	$ 14,400
Indirect material	$ 10,200
	$ 66,600

c) Factory Labour:

Job No.
300	$ 7,200
400	$ 4,800
500	$ 13,440
600	$ 8,400
700	$ 3,600
Indirect labour	$ 5,800
Direct labor rate $32/hr	$ 43,240

d) Actual overhead costs charged, in addition to any from part b or

c:

Amortization factory equipment	$ 18,400
Factory property taxes	$ 3,600
Factory maintenance	$ 2,400

e) Manufacturing overhead is applied to production at a rate of $38.00 per direct labor hour.

f) Jobs No. 300, 500, and 700 were completed.

g) There was of job 700 in Finished Goods inventory on the last day of the month. All other units of all completed jobs were sold on the last day of the month, for $180,000 cash.

h) Close overhead to Cost of goods sold. Show the T-accounts for MFG OH Control and MFG OH Applied. Post all items related into each overhead to the overhead T-account.

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