I need assistance with 6 problems please show how you arrived at the answer when available.
wExercise 3-2 Job-Order Costing Documents [LO2]
Mountain Gearing Company has incurred the following costs on Job ES34, an order for 40 gearing wheels to be delivered at the end of next month.
On March 5, requisition number 870 was issued for 42 titanium blanks to be used in the special order. The blanks cost $9 each.
On March 8, requisition number 873 was issued for 920 hardened nibs also to be used in the special order. The nibs cost $0.80 each.
On March 9, Harry Kerst worked from 9:00 A.M. until 12:15 P.M. on Job ES34. He is paid $12 per hour.
On March 21, Mary Rosas worked from 2:15 P.M. until 4:30 P.M. on Job ES34. She is paid $16 per hour.
On which of the following documents would these costs be recorded? (Select all that apply.)
The job cost sheet for Job ES34.
The time ticket for Mary Rosas.
The time ticket for Harry Kerst.
The materials requisition form for Job ES34.
The materials requisition form for Harry Kerst.
The materials requisition form for Mary Rosas.
Direct materials $
Total materials & labor $
How much cost should have been recorded on each of the documents for Job ES34? (Round your answer to 2 decimal places.
Exercise 3-7 Prepare T-Accounts [LO7, LO8]
Granger Products recorded the following transactions for the just completed month. The company had no beginning inventories.
a. $76,600 in raw materials were purchased for cash.
b. $71,400 in raw materials were requisitioned for use in production. Of this amount, $65,100 was for direct materials and the remainder was for indirect materials.
c. Total labor wages of $151,400 were incurred and paid. Of this amount, $133,400 was for direct labor and the remainder was for indirect labor.
d. Additional manufacturing overhead costs of $126,000 were incurred and paid.
e. Manufacturing overhead costs of $177,200 were applied to jobs using the company's predetermined overhead rate.
f. All of the jobs in progress at the end of the month were completed and shipped to customers.
g. The underapplied or overapplied overhead for the period was closed out to Cost of Goods Sold.
Post the above transactions to T-accounts. (Omit the "$" sign in your response. Record the transactions in the given order.)
Work in Process
Cost of goods sold
Determine the cost of goods sold for the period
Cost of goods sold $
The answer contains solutions for two problems 1.Preparation of Job order cost sheet 2. Preparation of T accounts viz., raw material,work in process,finished goods, manufacturing overhead,cost of goods sold accounts.