What are the correct answers. Please show the calculations as well. Thanks 9. Bi

Question

What are the correct answers. Please show the calculations as well. Thanks 9. Billy Baroo Company uses a job costing system. The following information was work-in-process account for the month of July, 20X0 found in the Date July 1 July 31 July 31 July 31 July 31 Description Balance Direct labor Direct materials Manufacturing overhead Transfer to Finished Goods Amount- Dr.(Cr.) $10,000 $38,000 $52,000 S30,400 ($75,000) Billy Baroo applies manufacturing overhead to production at a predetermined rate of 80% based on the direct labor cost. Job #23, the only job still in process at the end of July 20X0, has been charged with direct labor of $20,000. Direct material charged to Job #23 was A) $14,400. B) $10,500. $27,000. D) $19,400. ) None of the above.

Explanation / Answer

9. Answer is D

Working:

10. Answer is C.

  Working:

11. Answer is B

12.Answer is C

Ending balance of work-in-process

13. Answer is A

Beginning Balance 10000 Direct labor 38000 Direct material 52000 Manufacturing overhead 30400 Total cost charged 130400 Less: Transferred to finished goods 75000 Balance of ending work in process 55400 Cost of Job#23 55400 Less: Direct labor for Job#23 20000 Less: Manufacturing overhead Job#23 (80% of $20,000) 16000 36000 Direct material charged for Job#23 19400

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