Question: Solve everything that is required. Problem Number 3. The following data relates to the Aahil & co. for the month of June 2013. Company using
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 Direct Labor FOH 1 30000 50000 35000 2 20000 40000 30000 3 30000 25000 25000 10000 4 15000 10000 Job No. 1, 2 and Job No. 3 were completed. Job No 2 was sold 45% above the cost Required: Calculate the following requirements. a. COM b. WIP ending C. COGS d. FG ending e. Gross profit f. Selling price
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
