Plocek Corporation Uses a Job-Order Costing System to Assign Manufacturing

question 3

Essay

Plocek Corporation uses a job-order costing system to assign manufacturing costs to jobs.At the end of the month it closes out any overapplied or underapplied manufacturing overhead to Cost of Goods Sold.Its balance sheet on July 1 appears below:
Summaries of the transactions completed during July appear below:
Required:
a.Completely fill in the spreadsheet below.Because the page is too narrow to accommodate all of the columns,the spreadsheet has been divided into two parts that should be side by side.
b.Prepare a Balance Sheet for the company for July 31.
c.Prepare a Schedule of Cost of Goods Manufactured for the company for July.
d.Prepare a Schedule of Cost of Goods Sold for the company for July.
e.Prepare an Income Statement for the company for July.

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Definitions:

Posttraumatic Stress Disorder

A psychiatric disorder that may occur in people who have experienced or witnessed a traumatic event such as a natural disaster, a serious accident, a terrorist act, war/combat, rape, or other violent personal assault.

Natural Disaster

An event such as a flood, earthquake, or hurricane that causes significant damage or loss of life, resulting from natural processes of the Earth.

Jumpy Anxiety

A state of heightened nervousness and fear that results in sudden, quick reactions to stimuli, often without logical basis.

Survivor Resiliency

The ability of individuals to recover from or adjust easily to misfortune or sustained life stressors.