The Johnson Manufacturing Company has the following job cost sheets on file. They represent jobs that have

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The Johnson Manufacturing Company has the following job cost sheets on file. They represent jobs that have been worked on during March of the current year. This table summarizes information provided on each sheet:
Number Total Cost Incurred Status of Job $15,050 Finished and delivered 444 Finished and delivered $22,400 445 $ 7,500 F
449 $62,000 Finished and unsold 450 $14,600 Unfinished 451 $22,200 Finished and delivered 452 $ 3,600 Unfinished 453 $ 1

(a) What is the cost of goods sold for the month of March?
(b) What is the cost of the goods in process inventory on March 31?
(c) What is the cost of the finished goods inventory on March 31?

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Managerial Accounting

ISBN: 978-0697789938

13th Edition

Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

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