Business, 09.12.2019 21:31 kimlyn58p0wyn0
Templar company, a manufacturing firm, has supplied the following information from its accounting records for the month of november: factory supplies used$10,000depreciation on factory building7,000salary of company controller20,000factory janitorial costs5,000marketing and promotion4,500direct labor cost12,000purchases of raw materials15,000finished goods inventory, nov. 12,250finished goods inventory, nov. 303,750work in process inventory, nov. 14,200work in process inventory, nov. 302,750materials inventory, nov. 13,500materials inventory, nov. 305,100required: a. prepare a statement of cost of goods manufactured. list each overhead cost separately on a separate line. b. prepare a statement of cost of goods sold. 2. pribil farm equipment is a job-order costing manufacturer that uses a plantwide overhead rate based on direct labor hours. estimations for the year include $250,000 in overhead and 50,000 direct labor hours. pribil worked on five jobs in march. data are as follows: job 89job 90job 91job 92job 93balance, 3/1$23,110$18,240$ 9,510$0$0direct materials13,00017,21022,90015,2408, 210direct labor cost8,07511,50016,2509,7504,860dire ct labor hours1,6152,3003,2501,950972by march 31, jobs 89 and 91 were completed and sold at cost plus 55%. the rest of the jobs remained in process. calculate the plantwide overhead rate. create job cost reports for the month. calculate the work-in-process on march 31 and cogs. income statement for the month of march
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