Methusela Corp. uses job-order costing. The following information was collected at the end of the month:...
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Methusela Corp. uses job-order costing. The following information was collected at the end of the month: Job # Total Cost Completed? Sold? 1 $300 Yes No 2 200 Yes Yes 600 No No 4 500 Yes Yes 400 No No 6. 700 Yes No 7 500 Yes Yes 8 700 No No 11. Calculate the balance for ending WIP. ANSWER: (2 PTS.) 12. Calculate the balance for ending FG. ANSWER: (2 PTS.) 13. Calculate COGS for the month. ANSWER: (2 PTS.) Methusela Corp. uses job-order costing. The following information was collected at the end of the month: Job # Total Cost Completed? Sold? 1 $300 Yes No 2 200 Yes Yes 600 No No 4 500 Yes Yes 400 No No 6. 700 Yes No 7 500 Yes Yes 8 700 No No 11. Calculate the balance for ending WIP. ANSWER: (2 PTS.) 12. Calculate the balance for ending FG. ANSWER: (2 PTS.) 13. Calculate COGS for the month. ANSWER: (2 PTS.)
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Solution 1 Value of WIP 1700 2 Value of ending Finished Goo... View the full answer
Related Book For
Fundamentals Of Hydraulic Engineering Systems
ISBN: 978-0136016380
4th Edition
Authors: Robert J. Houghtalen, A. Osman H. Akan, Ned H. C. Hwang
Posted Date:
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