[maninder1122]

1) GH Inc. is a manufacturing firm that uses job-order costing. The company's inventory balances were as follows at the beginning and end of the year:





The company applies overhead to jobs using a predetermined overhead rate based on machine-hours. At the beginning of the year, the company estimated that it would work 45,020 machine-hours and incur $180,080 in manufacturing overhead cost. The following transactions were recorded for the year:
• Raw materials were purchased, $456,940.
• Raw materials were requisitioned for use in production, $463,810 ($429,250 direct and $34,560 indirect).
• The following employee costs were incurred: direct labor, $290,330; indirect labor, $62,260;
and administrative salaries, $153,170.
• Selling costs, $134,300.
• Factory utility costs, $14,700.
• Depreciation for the year was $127,240 of which $121,240 is related to factory operations and $6,000 is related to selling and administrative activities.
• Manufacturing overhead was applied to jobs. The actual level of activity for the year was 48,420 machine-hours.
• Sales for the year totaled $1,281,460

[morgaine300]

Please see our homework guidelines here:

https://www.askmehelpdesk.com/financ...-b-u-font.html

Do you expect that someone is actually going to do an entire cost of goods manufactured report for you? Show us some attempt at doing you own work, or at least ask specifically what you're confused on. You do need to understand the flow of accounts for manufacturing, and if you're lost there, then you need to get an understanding of that first.

[morgaine300]

I just found a post of mine related to the flow of costs for manufacturing. It won't answer everything, but it's a place to start in terms of following the accounts.

https://www.askmehelpdesk.com/accoun...ts-171667.html