Problem (Rhiles Industries, Inc)

Raw materials Inventory Work in process inventory Finished goods inventory

59400 26850 26850 322400 322400 294200 16
22830 29510 29510
31940 6480 62900
9260 28870 75480 28200
7640 28870
123430 99350 64220
24080 77064 DL 62900
364894 322400 Applied MOH 75480 1,2 x 62900
Manufacturing overhead 42494
4310 75480 DL 64220
1925 77064 Cost of goods sold Applied MOH 77064
4640 294200
6480 4581 Cost of job A
31610 DM 26850 Transaction 2
26900 298781 DM 29510 Transaction 5
4270 DL 62900 Transaction 7
3380 Applied MOH 75480
3250 Selling, general and adm costs DM 2660 Transaction 11
7640 32980 DL 44000 Transaction 13
30290 36200 Applied MOH 52800
28520 294200
2680 69180 Cost of job B
1230 DM 8400 Transaction 11
157125 152544 DL 9000 Transaction 13
4581 4581 Applied MOH 10800
28200
Act > Applied ==> Underapplied
Sales revenue Cost of job C
418240 DM 17810 Transaction 11
DL 11220 Transaction 13
Applied MOH 13464
42494 The cost of job C (in process) corresponds to the ending
responds to the ending inventory of WIP