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(Solved by Expert Tutors) A company uses a job order cost accounting system and applies overhead o


end of a recent period, the company's Goods in Process Inventory account appeared as follows: Goods in ProcessDateExplanation PRDebitCreditBalanceMar.17Job No.5 Completed G-890,900(17,100)Apr.13 Job NO. 6 CompletedG-10131,400 (148,500)Jul.20 Job No 7 CompletedG-12 73,800 (222,300)Oct.11 Job No 8 CompletedG-15168,300 (390,600)Dec.31 Direct MaterialsG-20235,800(154,800)31 Direct LaborG-20117,000( 37,800)31 Factory OverheadG-20187,200(149,400 Fill in the blanks for the following: (1) The total cost of the direct materials, direct labor, and factory overhead applied in the December 31 goods in process inventory is $_______________________. (2) The company's overhead application rate is __________________% (3) Job No. 6 had $26,550 of direct labor cost. Therefore, the job must have had $________ of direct materials cost. (4) Job No. 8 had $73,998 of direct materials cost. Therefore, the job must have had $________ of factory overhead cost.

 

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