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Business, 17.09.2019 20:00 aroyalstudent

Phillips corporationā€™s fiscal year ends on november 30. the following accounts are found in its job order cost accounting system for the first month of the new fiscal year. other data: 1. on december 1, two jobs were in process: job no. 154 and job no. 155. these jobs had combined direct materials costs of $9,750 and direct labor costs of $15,000. overhead was applied at a rate that was 75% of direct labor cost.2. during december, job nos. 156, 157, and 158 were started. on december 31, job no. 158 was unfinished. this job had charges for direct materials $3,800 and direct labor $4,800, plus manufacturing overhead. all jobs, except for job no. 158, were completed in december.3. on december 1, job no. 153 was in the finished goods warehouse. it had a total cost of $5,000. on december 31, job no. 157 was the only job finished that was not sold. it had a cost of $4,000.4. manufacturing overhead was $1,470 underapplied in december. list the letters (a) through (m) and indicate the amount pertaining to each letter. raw materials inventorydec. 1 beginning balance problem 20-5a phillips corporationā€™s fiscal year e (a) dec. 31 requisitions 16,850 31 purchases 17,225 dec. 31 ending balance 7,975 work in process inventorydec. 1 beginning balance problem 20-5a phillips corporationā€™s fiscal year e (b) dec. 31 jobs completed problem 20-5a phillips corporationā€™s fiscal year e (f)31 direct materials problem 20-5a phillips corporationā€™s fiscal year e (c) 31 direct labor 8,400 31 overhead problem 20-5a phillips corporationā€™s fiscal year e (d) dec. 31 ending balance problem 20-5a phillips corporationā€™s fiscal year e (e) finished goods inventorydec. 1 beginning balance problem 20-5a phillips corporationā€™s fiscal year e (g) dec. 31 cost of goods sold problem 20-5a phillips corporationā€™s fiscal year e (i)31 completed jobs problem 20-5a phillips corporationā€™s fiscal year e (h) dec. 31 ending balance problem 20-5a phillips corporationā€™s fiscal year e (j) factory labor dec. 31 factory wages 12,025 dec. 31 wages assigned problem 20-5a phillips corporationā€™s fiscal year e (k)manufacturing overheaddec. 31 indirect materials 2,900 dec. 31 overhead applied problem 20-5a phillips corporationā€™s fiscal year e (m)31 indirect labor problem 20-5a phillips corporationā€™s fiscal year e (l) 31 other overhead 1,245

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Phillips corporationā€™s fiscal year ends on november 30. the following accounts are found in its job...
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