Allison's Engines started operations on January 1, 2012. During the Month the following events occurred:
Materials costing $6500 were purchased on account
Direct materials costing $3000 were placed in process
A total of 380 Direct labor hours were charged at a rate of $15/hr
Overhead costs for the month of Jan were as follows:
Deprec. on building and equip. $500, Indirect labor $1500, utilities $600, property tax on building $650 and insurance on building $550.
On January 31st only one job was in process w/ material cpsts $600, direct labor of $450 for 30 labor hrs and applied overhead. Create a works in process for the month of January.