Shen Co. reports the costs incurred below for the month ended May 31. The company has no
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Shen Co. reports the costs incurred below for the month ended May 31. The company has no beginning Work in Process Inventory. Overhead is applied using a predetermined overhead rate of 120% of direct materials costs. Job 4 was completed and Job 5 is still in process at month-end. Prepare a schedule of cost of goods manufactured for the month.
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Job 4 Job 5 Direct materials used $1,500 $1,000 Direct labor used..... 2,100 200
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