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Woolf co uses a job order casting system. Three jobs were worked on during the...

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Accounting

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Woolf co uses a job order casting system. Three jobs were worked on during the current year. The predetermined overhead rate is 175% Of direct labor costs. The following cost information is available: Call materials and time teker Information applies the direct costs): $ 65,000 4, 100 OL JOB Materials Requisitions Time Tickers JOB Status @ year and C458 $ 54, ooo $32,000 Completed to sold $ 74,000 Not Finished (498 50,000 completed, not se C503 Answer the following are: a.) determine the total cost of east job b.) Calculate the cost or goods manufactured Completed) for the period C.) Determine the amounts of the following at the end of the period 1- worn in process 2 - Finished goods 3 - CA+ Of goods sold ( d.) Woold determines sales prices by adding 35% markup onto the cast of each job. Calenlate the sales price for each job woolr old during the period. calculate the resulting gross profit % ratio) for the year. (HINT: markup to and gross propit ratio same thing) e.) Given the costs determined in Part I and using what you know about various types of production, what product night woolk be. I producing? Larget of correct answers possible but you must think are not be CHINT: Large logically!)

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