Parker Company manufactures custom-built conveyor systems for factory and commercial operations.Susan Jones is the cost accountant for Parker Company and she is in the process of educating a new employee,Terry Smith about the job-order costing system that Parker Company uses.(The system is based on normal costs; overhead is applied based on direct labor cost and rounded to the next whole dollar.)The following job-order cost records are available for July:
To explain the missing job number,Susan informed Terry that Job #668 had been completed in June.She also told her that Job #667 was the only job in process at the beginning of July.At that time,the job had been assigned $4,300 for direct material and $900 for direct labor.At the end of July,Job #671 had not been completed; all others had.Terry asked Susan several questions to determine whether she understood the job-order system.
Required: Help Susan answer the following questions:

Question

Parker Company manufactures custom-built conveyor systems for factory and commercial operations.Susan Jones is the cost accountant for Parker Company and she is in the process of educating a new employee,Terry Smith about the job-order costing system that Parker Company uses.(The system is based on normal costs; overhead is applied based on direct labor cost and rounded to the next whole dollar.)The following job-order cost records are available for July:
  To explain the missing job number,Susan informed Terry that Job #668 had been completed in June.She also told her that Job #667 was the only job in process at the beginning of July.At that time,the job had been assigned $4,300 for direct material and $900 for direct labor.At the end of July,Job #671 had not been completed; all others had.Terry asked Susan several questions to determine whether she understood the job-order system.
Required: Help Susan answer the following questions:

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The Answer of Parker Company manufactures custom-built conveyor systems for factory and commercial operations.Susan Jones is the cost accountant for Parker Company and she is in the process of educating a new employee,Terry Smith about the job-order costing system that Parker Company uses.(The system is based on normal costs; overhead is applied based on direct labor cost and rounded to the next whole dollar.)The following job-order cost records are available for July:
  To explain the missing job number,Susan informed Terry that Job #668 had been completed in June.She also told her that Job #667 was the only job in process at the beginning of July.At that time,the job had been assigned $4,300 for direct material and $900 for direct labor.At the end of July,Job #671 had not been completed; all others had.Terry asked Susan several questions to determine whether she understood the job-order system.
Required: Help Susan answer the following questions:

Parker Company Manufactures Custom-Built Conveyor Systems for Factory and Commercial