Mendelsohn Manufacturing began two jobs during the month of January 2004. There was no beginning inventory. The
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Mendelsohn Manufacturing began two jobs during the month of January 2004. There was no beginning inventory. The following costs were incurred:
Mendelsohn’s estimated manufacturing overhead for 2004 is \($117,000\), and the estimated direct labor cost is \($90,000\). Mendelsohn applies overhead to production based on direct labor cost. During the month, Job A was completed but not sold. Job B has not been completed.
Required:
a. Calculate the cost of the ending work-in-process inventory as of January 31, 2004.
b. Calculate the cost of the finished goods inventory as of January 31, 2004.
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Authors: Michael L Werner, Kumen H Jones
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