Question: Problem Number 3: The following data relates to the Aahil & co. for the month of June 2013. Company using job order costing system Job

Problem Number 3: The following data relates to the Aahil & co. for the month of June 2013. Company using job order costing system Job Numbers Direct Material FOH 1 20000 45000 2 40000 30000 3 40000 25000 4 20000 15000 FOH applied 80% of the direct labor to each. Job No. 1, 2 and Job No. 4 were completed. Job No. 1 and 2 were sold 45% above the cost. Required: Calculate the following requirements. a. COGM. b. WIP ending. c. COGS. d. FG ending. e . Gross profit

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