B. P Company: Job 1.......... 2 3 4 5 6 The following summary data are from...
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B. P Company: Job 1.......... 2 3 4 5 6 The following summary data are from the job order cost sheets of Castle Started 9/10 9/17 9/25 9/27 10/14 10/23 Dates Finished 9/20 9/29 10/11 10/19 11/10 11/17 Shipped 10/11 10/22 10/27 11/4 11/18 11/29 Total Assigned Costs at September 30 $9,000 6,600 3,500 4,400 Total Production Costs Added in October $7,100 5,700 3,200 4,900 Using the data provided, compute (a) the finished goods inventory at October 1 and October 31, (b) the work-in-process inventory at October 1 and October 31, and (c) the cost of goods sold for October. Castle began operations with Job 1. B. P Company: Job 1.......... 2 3 4 5 6 The following summary data are from the job order cost sheets of Castle Started 9/10 9/17 9/25 9/27 10/14 10/23 Dates Finished 9/20 9/29 10/11 10/19 11/10 11/17 Shipped 10/11 10/22 10/27 11/4 11/18 11/29 Total Assigned Costs at September 30 $9,000 6,600 3,500 4,400 Total Production Costs Added in October $7,100 5,700 3,200 4,900 Using the data provided, compute (a) the finished goods inventory at October 1 and October 31, (b) the work-in-process inventory at October 1 and October 31, and (c) the cost of goods sold for October. Castle began operations with Job 1.
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Answer To compute the finished goods inventory workinprocess inventory and cost of goods sold for October well analyze the information provided for ea... View the full answer
Related Book For
Applied Regression Analysis and Other Multivariable Methods
ISBN: 978-1285051086
5th edition
Authors: David G. Kleinbaum, Lawrence L. Kupper, Azhar Nizam, Eli S. Rosenberg
Posted Date:
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