A company began operations on January 1, 20x3. It applies overhead based on direct labour hours. The company uses a job order system and started the following jobs during January 20x3: Item Job 101 Job 102 Job 103 Direct materials $19,900 $24,400 $39,150 Direct labour hour 955 1,350 790 Additional information Amount Total estimated overhead $324,250 Total estimated direct labour hours 18,800 hours Actual direct labour rate $20 per hour All three jobs were completed by the end of January, 20x3. Finished goods at January 31, 20x3 included Job 101 only. What is the company's Cost of Goods Sold for January, 20x3?

Answer rating: 100% (QA)

Answer To calculate the Cost of Goods Sold COGS for January 20x3 we need to determine the total manu... View the full answer