Please provide exact answer Triple C Ltd. is in the business of manufacturing ca

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Please provide exact answer

Triple C Ltd. is in the business of manufacturing cabinets, computer stands, and countertops. Most of its jobs are contracts for home builders. The following information i available for the month of July: Costs Incurred Added in July to July 1 Job Direct Direct Direct Direct Number Materials Labour Materials Labour Status at July 31 $9,000 $2,000 $0 $1,000 Completed but not sold 101 103 Not completed 2,500 1,500 500 3,000 Completed but not sold 600 100 $800 200 Not completed 115 Activity in accounts Balance Purchased Issued/Used Ending Opening Account July 1 in July in July Balance July 31 $3,000 $6,000 $4,900 Direct Materials Direct Labour 8,000 On July 1, finished goods inventory consisted of one job, 105, with a total cost of $18,000. This job was sold during July. (Note: Manufacturing overhead is applied at 120% of the direct labour cost.) w (a) Calculate the costs of completed jobs 101 and 111 as at July 31. Job 101 Job 111 Cost assigned

Explanation / Answer

Answer:

Calculations:

Job 101 Job 102 Costs assigned 15600 7920

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