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Business, 24.10.2019 18:43 MyaMya12

On september 1, two jobs were in process at pete’s patios. details of the jobs follow: job number direct materials direct labor pp-24 $ 1,120 $ 414 pp-30 575 1,670 materials inventory on september 1 totaled $5,550, and $718 worth of materials was purchased during the month. indirect materials of $86 were withdrawn from materials inventory. on september 1, finished goods inventory consisted of two jobs, pp-12, costing $2,350, and pp-14, with a cost of $962. costs for both jobs were transferred to cost of services billed during the month. also during september, jobs pp-24 and pp-30 were completed. completing job pp-24 required an additional $1,360 in direct labor. the completion costs for job pp-30 included $680 in direct materials and $3,800 in direct labor. pete’s patios used a total of $1,948 of direct materials (excluding the $86 indirect materials) during the period, and total direct labor costs during the month amounted to $8,220. overhead has been estimated at 50 percent of direct labor costs, and this relation has been the same for the past few years. required: compute the costs to jobs pp-24 and pp-30 and the balances in the september 30 inventory accounts.

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On september 1, two jobs were in process at pete’s patios. details of the jobs follow: job number d...
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