CSW is working on two customer special-orders during the month of November 2014 for wholesale customers: Jobs S355, wholesale store Power Sports, Inc. and Job T530, wholesale store Peterson?s Sporting Goods.? These jobs require the use of job cost sheets because they are custom orders for their retail customers and orders are not made to exact specifications for all items.? Additionally, CSW also works on other custom jobs that require the use of job order costing system during November.? Using a job cost system to produce these orders, the following events occurred during November 2015. CSW has a December 31, fiscal year-end and closes their general ledger on a monthly basis.
- Two wholesale store customers, Power Sports, Inc. (Job S355) and Peterson?s Sporting Goods (Job T530) request a special order on November 4.? Job cost sheets were started on this date. Job T530 requests 360 Super-uPong- MSAO while Job S355 requests 180 Super-uPong- ProAdv.? Both customers request their products to be delivered to them by December 15th.?
- Raw materials were requisitioned from the company?s inventory on November 4 for $107,500, on November 10 for $140,150 and on November 15 for $181,108. In each instance, 60% of these materials were for Job S355 and the rest (40%) for Job T530.?