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Can an accounting tutor help me with my homework please.
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Can an accounting tutor help me with my homework please.


Tybee Industries Inc. uses a job order cost system. The following data summarize the operations

 

related to production for January 2016, the first month of operations:

 

a. Materials purchased on account, $28,610.

 

b. Materials requisitioned and factory labor used:

 

Job

 


 

Materials

 


 

Factory Labor

 


 

301

 


 

$2,810

 


 

$2,640

 


 

302

 


 

3,710

 


 

3,920

 


 

303

 


 

2,340

 


 

1,910

 


 

304

 


 

8,210

 


 

7,110

 


 

305

 


 

5,360

 


 

5,270

 


 

306

 


 

3,780

 


 

3,390

 


 

For general factory use

 


 

1,060

 


 

4,040

 


 

c. Factory overhead costs incurred on account, $5,710.

 

d. Depreciation of machinery and equipment, $1,910.

 

e. The factory overhead rate is $55 per machine hour. Machine hours used:

 

Job

 


 

Machine Hours

 


 

301

 


 

24

 


 

302

 


 

36

 


 

303

 


 

29

 


 

304

 


 

73

 


 

305

 


 

41

 


 

306

 


 

24

 


 

Total

 


 

227

 


 

f. Jobs completed: 301, 302, 303 and 305.

 

g. Jobs were shipped and customers were billed as follows: Job 301, $8,520; Job 302, $10,770; Job

 


 

303, $15,650.

 


 

Tybee Industries Inc.

 

Schedule of Unfinished Jobs

 


 

Job

 


 

1

 


 

Direct

 


 

Direct

 


 

Factory

 


 

Materials

 


 

Labor

 


 

Overhead

 


 

Total

 


 

2

 

3

 

4

 


 

Balance of Work in

 

Process, January 30

 


 

Prepare a schedule of completed jobs on hand to support the balance in the finished goods account.

 

Refer to the list of Amount Descriptions list for the exact wording of the answer choices for text

 

entries.

 

Question not attempted.

 

Score: 0/22

 

Tybee Industries Inc.

 

Schedule of Completed Jobs

 

1

 

2

 


 

Job

 


 

Direct

 

Materials

 


 

Direct Labor Factory Overhead

 


 

Total

 


 

Post the appropriate entries to T accounts for Work in Process and Finished Goods, using the

 

identifying letters as transaction codes. Insert memo account balances as of the end of the month.

 


 

Work in Process

 


 

b

 


 

f

 


 

e

 


 

Bal.

 


 

Finished Goods

 


 

e

 


 

Bal.

 


 

g

 


 

 







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