Marigold, Inc. manufactures ergonomically designed computer furniture. Marigold uses a job order cos


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Marigold, Inc. manufactures ergonomically designed computer furniture. Marigold uses a job order costing system. On November 30, the Work in Process Inventory consisted of the following jobs: Job No. CC723 CH291 PS812 Computer caddy Chair Printer stand Units 24,000 17,000 30,000 Accumulated Cost $990,000 432,000 258,000 $1,680,000 On November 30, Marigold's Raw Materials Inventory account totaled $698,000, and its Finished Goods Inventory totaled $3,476,400. Marigold applies manufacturing overhead on the basis of machine hours. The company's manufacturing overhead budget for the year totaled $4,600,000, and the company planned to use 920,000 machine hours during the year. Through the first eleven months of the year, the company used a total of 880,000 machine hours, total manufacturing overhead amounted to $4,294,500, and Cost of Goods Sold was $8,760,250. For the pursposes of this problem, ignore year-end disposition of over / under applied overhead. Marigold purchased $648,000 in raw materials in December and incurred the following costs for jobs in process that month: Job No. CC723 CH291 PS812 DS444 Materials Issued $187,000 $18,300 $235,000 $252,000 Machine Hours 12,000 4,700 21,500 14,000 Direct Labor Hours 11,700 3,800 19,300 13,300 Direct Labor Cost $122,400 $47,200 $229,500 $139,000 The following jobs were completed in December and transferred to the Finished Goods Inventory: Job No. CC723 CH291 DS444 Item Computer caddy Chair Desk Units 24,000 17,000 10,000 (a) Calculate the total cost of each of the four jobs worked on in December. CC723 CH291 PS812 DS444 Total Cost $ (b) Calculate the total manufacturing cost for December. Total manufacturing cost $ (c) Calculate the cost of goods manufactured for December Cost of goods manufactured $ (d) Calculate the balance in the Work in Process Inventory account on December 31. Balance in work in process $ (e) Assume that Marigold sold 15,000 computer caddies, 12,000 chairs, and 4,500 desks in December. Calculate Cost of Goods Sold for the month of December and the ending Finished Goods Inventory balance on December 31. (For computation purpose round per unit rates to 2 decimal places, e.g. 3.54. Round final answers to o decmial places, e.g. 45,000.) Cost of goods sold Finished goods inventory $