Question: Our company began operations on August 1. We use normal costing. During August, we only worked on 3 jobs, Job A, Job B and Job

Our company began operations on August 1. We use normal costing. During August, we only worked on 3 jobs, Job A, Job B and Job C. The costs that were charged to these three jobs during January are as follows: Job 2 Job 1 Job 3 $ 200 S50 300 825 $ 800 Direct Materials Direct Labor 800 1600 Applied Overhead 2200 4400 Job A and Job C were finished in August, but Job B was not finished. Job A consisted of 1,600 units and Job C consisted of 1,700 units. During August, the company sold 800 units of Job A at a selling price of $9 each. Also, during August, the company sold 100 units from Job C at a selling price of $15 each. YOU MUST SHOW YOUR WORK TO RECEIVE ANY CREDIT. 1. Compute the Cost of Goods Manufactured for August 2. Compute the ending Work in Process for August. 3. Compute the total Sales for August 4. Compute the ending Finished Goods for August 5. Compute the Cost of Goods Sold for August
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
