P5-6 Juarez Inc

Job Order Cost Sheets

[1] March 1

Job 621 Job 622

Materials 2800 3400
Labor 2100 2700
Factory Overhead 1680 2160
Total 6580 8260
b. 5300 7400
c. (400)
f. 6420 8160
h. 5136 6528
Total 23436 29948

[2] a. Materials 19000

Accounts Payable 19000

b. Work In Process 18600

Factory Overhead Control 2400
Materials 21000

c. Materials 600
Work In Process 400
Factory Overhead Control 200

d. Accounts Payable 800

Materials 800

e. Payroll 38000
Accrued Payroll 38000

f. Work In Process 20900

(55% x 38000)
Factory Overhead Control 7600
(20% x 38000)
Marketing Expenses Control 5700
(15% x 38000)
Administrative Expenses Control 3800
(10% x 38000)
Payroll 38000

g. Factory Overhead Control 9404.5

Accumulated Depreciation-
 Building and equipment 2000
Prepaid Insurance 250
Account Payable 7154.5

h. Work In Process 16720

Applied Factory Overhead 16720

i. Finished Goods 53384

Work In Process 53384

j. Accounts Receivable 74738

Sales 74738
(53384+ (53384 x 40% ))
Cost of Goods Sold 53384
Finished Goods 53384

k. Cash 69450
Account Receivable 69450

LEDGER
Materials Finished Goods
17000 21000 15000 53384
19000 800 53384
600 21800 15000
14800

Work In Process
19070 400
18600 53384
20900
16720
21506

[3] Juarez Inc

Schedule of Inventory
March,31

Materials 14800
Work In process 21506
Finished Goods 15000
Total 51306
Sheets

Job 623
1800
1350
1080
4230
5900

6320
5056
21506