Rodman Corporation’s fiscal year ends on November 30. The following accounts are found in its job order cost accounting system for the first month of the new fiscal year.
1. On December 1, two jobs were in process: Job No. 154 and Job No. 155. These jobs had combined direct materials costs of $9,860 and direct labor costs of $16,800. Overhead was applied at a rate that was 75% of direct labor cost.
2. During December, Job Nos. 156, 157, and 158 were started. On December 31, Job No. 158 was unfinished. This job had charges for direct materials $4,300 and direct labor $5,100, plus manufacturing overhead. All jobs, except for Job No. 158, were completed in December.
3. On December 1, Job No. 153 was in the finished goods warehouse. It had a total cost of $5,600. On December 31, Job No. 157 was the only job finished that was not sold. It had a cost of $4,300.
4. Manufacturing overhead was $760 overapplied in December.
List the letters (a) through (m) and indicate the amount pertaining to each letter.
Raw Materials Inventory
Dec. 1 Beginning balance (a) ??
31 Purchases 19,980
Dec. 31 Requisitions 18,500
Dec. 31 Ending balance 8,220
Work in Process Inventory
Dec. 1 Beginning balance (b) ??
31 Direct materials (c) ??
31 Direct labor 9,400
31 Overhead (d) ??
Dec. 31 Jobs completed (f)??
Dec. 31 Ending balance (e)??
Finished Goods Inventory
Dec. 1 Beginning balance (g)??
31 Completed jobs (h) ??
Dec. 31 Cost of goods sold (i)??
Dec. 31 Ending balance (j)??
Dec. 31 Factory wages 12,210
Dec. 31 Wages assigned (k)??
Dec. 31 Indirect materials 2,100
31 Indirect labor (l) ???
31 Other overhead 1,380
Dec. 31 Overhead applied (m) ??
Please help me. My mind is not working in it .