Question

how would i do this?

Phillips Corporation's 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 $9,850 and direct labor costs of $15,100, 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 $3,900 and direct labor 3. On December 1, Job No. 153 was in the finished goods warehouse. It had a total cost of $5,100. On December 31, Job No. 157 was the only Job finished that was not sold. It 4. Manufacturing overhead was $895 underapplied in December. List the letters (a) through (m) and indicate the amount pertaining to each letter Overhead was applied at a rate that was 75% of direct labor cost. $4,900, plus manufacturing overhead. All jobs, except for Job No. 158, were completed in December. had a cost of $4,100. Raw Materials Inventory 7700 (a) Dec. 31Requisitions 17,325 8,075 16,950 Dec. 1 Beginning balance 31 Purchases Dec. 31 Ending balance Work in Process Inventory (b) Dec. 31 obs completed Dec. 1 Beginning balance 31 Direct materials 31 Direct labor 31 Overhead 8,900 rd) Dec. 1 Beginning balance (b) Dec. 31 Jobs completed 31 Direct materials 31 Direct labor 31 Overhead 8,900 Dec. 31 Ending balance Finished Goods Inventony Dec. 1 Beginning balance (o) Dec. 31 Cost of goods sold 31 Completed jobs Dec. 31 Ending balance Factory Labor 12,125 Dec. 31 Wages assigned Manufacturing Overhead Dec. 31 Factory wages 3,000 Dec. 31 Overhead applied Dec. 31 Indirect materials 31 Indirect labor 31 Other overhead 1,345

Answer 1

Raw Materials
Dec-01	Beginning balance	$   7,700	(a)	Dec-31	Requisition	$ 16,950
31	Purchases	$ 17,325
Dec-31	Ending balance	$   8,075
Work - in - Process Inventory
Dec-01	Beginning balance	$ 36,275	(b)	Dec-31	Jobs completed	$ 53,325	(f)
31	Direct material	$ 13,950	(c)
31	Direct labor	$   8,900
31	Overhead	$   6,675	(d)
Dec-31	Ending balance	$ 12,475	(e)
Finished Goods
Dec-01	Beginning balance	$   5,100	(g)	Dec-31	Cost of goods sold	$ 54,325	(i)
31	Completed jobs	$ 53,325	(h)
Dec-31	Ending balance	$   4,100	(j)
Factory Labor
Dec-31	Factory wages	$ 12,125		Dec-31	Wages assigned	$ 12,125	(k)
Manufacturing Overheads
Dec-31	Indirect materials	$   3,000		Dec-31	Overhead applied	$   6,675	(m)
31	Indirect labor	$   5,020	(l)
31	Other overheads	$   1,345