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Rodman corporations fiscal year ends on november 30 the

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Rodman Corporations fiscal year ends on November 30. The following accounts are found in its job order cost accounting system for the first month of the new fiscal year.
Other data:

1.
On December 1, two jobs were in process: Job No. 154 and Job No. 155. These jobs had combined direct materials costs of $9,860 and direct labor costs of $15,600. Overhead was applied at a rate that was 75% of direct labor cost.
2.
During December, Job Nos. 156, 157, and 158 were started. On December 31, Job No. 158 was unfinished. This job had charges for direct materials $4,400 and direct labor $5,300, plus manufacturing overhead. All jobs, except for Job No. 158, were completed in December.
3.
On December 1, Job No. 153 was in the finished goods warehouse. It had a total cost of $5,400. On December 31, Job No. 157 was the only job finished that was not sold. It had a cost of $4,400.
4.
Manufacturing overhead was $285 overapplied in December.

Identify the missing amounts.

Raw Materials Inventory
Dec. 1 Beginning balance
Dec. 31 Requisitions 18,200
31 Purchases 20,690




Dec. 31 Ending balance 8,340




Work in Process Inventory
Dec. 1 Beginning balance
Dec. 31 Jobs completed
31 Direct materials




31 Direct labor 9,300




31 Overhead




Dec. 31 Ending balance




Finished Goods Inventory
Dec. 1 Beginning balance
Dec. 31 Cost of goods sold
31 Completed jobs




Dec. 31 Ending balance




Factory Labor
Dec. 31 Factory wages 12,260
Dec. 31 Wages assigned
Manufacturing Overhead
Dec. 31 Indirect materials 2,200
Dec. 31 Overhead applied
31 Indirect labor




31 Other overhead 1,530

Reference no: EM13484219

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