JOB COST SHEET -JOB

J-832-LM
Week1
Direct Material Cost            (58500+11700)
70,200
Direct Labor Cost            (13500+15750)
29,250
Factory Overhead            (50%*13500+12*
17,550 900)
Total         
117,000

Week 2
Direct Material Cost            (71500+14300)
85,800
Direct Labor Cost            (16500+19250)
35,750
Factory Overhead            (50%*16500+12*
21,450 1100)
Total         
143,000

Total Job Cost

Direct Material Cost          (70200+85800)
156,000
Direct Labor Cost            (29250+35750)
65,000
Factory Overhead            (17550+21450)
39,000
Total Job Cost         
260,000

Accounting Entries
COST INCURRED ON
THE JOB
Account Titles Debit Credit
Work in Process         
156,000
Raw Materials Inventory    156,000

Work in process           

65,000
Wages Payable      65,000

Work in process           

39,000
Factory Overhead      39,000
COMPLETION OF THE
JOB
Finished Goods         
Inventory 260,000
Work in process    260,000