Minchoy Corporation uses a job order cost accounting system. Five jobs were worked on during the current year. The predetermined overhead rate is 20% of direct labor costs. The following cost information is available (all materials and time ticket information applies to direct costs):
Part 1-Complete the job cost sheets for each job.
Part 2-Identify the amounts of each of the following accounts at the end of the period
a. Work in Process _____________________
b. Finished Goods _____________________
c. Cost of Goods Sold _____________________

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The Answer of Minchoy Corporation uses a job order cost accounting system. Five jobs were worked on during the current year. The predetermined overhead rate is 20% of direct labor costs. The following cost information is available (all materials and time ticket information applies to direct costs):
Part 1-Complete the job cost sheets for each job.
Part 2-Identify the amounts of each of the following accounts at the end of the period
a. Work in Process _____________________
b. Finished Goods _____________________
c. Cost of Goods Sold _____________________

Minchoy Corporation Uses a Job Order Cost Accounting System