# Job cost sheets

For the year ended December 31, 2020, the Job cost sheets of Nevada Co. Contained the following data. Job Number Explanation Direct Direct Labor Manufacturing Total Costs Materials Overhead 71 Balance 1/1 \$30.000 \$45.000 \$35.000 \$40.000 Current year’s 35.000 20.000 40.000 20.000 costs 72 Balance 1/1 15.000 30.000 50.000 15.000 Current 50.000 40.000 10.000 50.000 costs 73 Balance 1/1 40.000 10.000 25.000 35.000 Current year’s 20.000 50.000 30.000 45.000 costs year’s Other data:

1. Raw material inventory totaled \$20.000 on January 1. During the year, \$250.000 of raw materials were purchased.

Don't use plagiarized sources. Get Your Custom Essay on
Job cost sheets
Just from \$13/Page

2. Finished goods on January consisted of Job no. 69 for \$80.000 and Job no. 70 for \$95.000.

3. Job no.71 and 72 were completed during the year

4. Jobs no. 70 and 72 were sold on account for \$600.000

5. Manufacturing overhead incurred on account totaled \$120.000

6. Other manufacturing overhead consisted of indirect materials \$20.000, indirect labor \$25.000 and depreciation on factory machinery \$10.000. Instructions: a. Provide a single T account for W.I.P with calculation of each of the following, then post each to the T account (1) beginning balance, (2) direct materials, (3) direct labor, (4) manufacturing overhead and (5) completed jobs. b. What is the amount of over or underapplied overhead of the month? Explain! c. Determine the gross profit to be reported in 2020.

## Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
\$26
The price is based on these factors:
Number of pages
Urgency
Basic features
• Free title page and bibliography
• Unlimited revisions
• Plagiarism-free guarantee
• Money-back guarantee
On-demand options
• Writer’s samples
• Part-by-part delivery
• Overnight delivery
• Copies of used sources
Paper format
• 275 words per page
• 12 pt Arial/Times New Roman
• Double line spacing
• Any citation style (APA, MLA, Chicago/Turabian, Harvard)

# Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

### Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

### Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

### Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.