Job cost sheets show the following information: Job January AA2 $2,500 AA4 4,838 AA5 AA3 Total...
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Job cost sheets show the following information: Job January AA2 $2,500 AA4 4,838 AA5 AA3 Total 7,338 February $1,200 3,250 3,409 7,859 March $2,319 2,319 Completed February January February April Sold Not sold February March Not sold Required: a) Which job(s) are still in process at the end of January, and what is the cost of this job(s)? (1 mark) b) Which job(s) were completed at the end of February, and what is the cost of this completed job(s)? (2 marks) c) What are the balances in the work in process inventory, finished goods inventory, and cost of goods sold for March? (1.5 marks) d) How does job costing in a service organisation differ from job costing in a manufacturing organisation? (2.5 marks) Job cost sheets show the following information: Job January AA2 $2,500 AA4 4,838 AA5 AA3 Total 7,338 February $1,200 3,250 3,409 7,859 March $2,319 2,319 Completed February January February April Sold Not sold February March Not sold Required: a) Which job(s) are still in process at the end of January, and what is the cost of this job(s)? (1 mark) b) Which job(s) were completed at the end of February, and what is the cost of this completed job(s)? (2 marks) c) What are the balances in the work in process inventory, finished goods inventory, and cost of goods sold for March? (1.5 marks) d) How does job costing in a service organisation differ from job costing in a manufacturing organisation? (2.5 marks)
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The job that is still in process at the end of January are AA2 Cost of Job AA2 2500 1200 3700 b The ... View the full answer
Related Book For
Operations and Supply Chain Management
ISBN: 978-1118738542
8th edition
Authors: Roberta S. Russell, Bernard W. Taylor
Posted Date:
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