Understanding inventory cost data Data relevant to Job No. QV1173 are: An analysis of the production data
Question:
Understanding inventory cost data Data relevant to Job No. QV1173 are:
An analysis of the production data indicate a number of additional items as follows:
a. In addition to the 200 good units, there were 50 defective units produced with the job that were sold for $30 each. The sale of the defective units was recorded as a miscellaneous revenue.
b. Production materials from the job costing $700 were returned to the storeroom, but no entry was made.
C. $800 of indirect material for the maintenance department was inadvertently charged to this job as direct materials.
d. $300 of direct material issued to the job the last week of production was never recorded.
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