Cornerstones of Cost Management 2nd Edition by Don Hansen ,Maryanne Mowen

تمرين 6

Activity-Based Costing, Unit Cost, Ending Work-in-Process Inventory, Journal Entries
Feldspar Company uses an ABC system to apply overhead. There are three activity rates, shown on page 243.

During September, Feldspar worked on three jobs. Data relating to these jobs follow:

During September, Jobs 13-280 and 13-282 were completed and transferred to Finished Goods Inventory. Job 13-280 was sold by the end of the month. Job 13-281 was the only unfinished job at the end of the month.
Required:
1. Calculate the per-unit cost of Jobs 13-280 and 13-282. (Round unit cost to nearest cent.)
2. Compute the ending balance in the work-in-process inventory account.
3. Prepare the journal entries reflecting the completion of Jobs 13-280 and 13-282 and the sale of Job 13-280 on account. The selling price is 150 percent of cost.