Stacy Sexton Manufacturing began operations in September 2004 During that month, two jobs were started The following costs were incurred Factory overhead is applied at 120 of direct labor cost During the month, Job A was completed but not sold Job B has not been completed Required a Calculate the c...

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Stacy Sexton Manufacturing began operations in September 2004. During that month, two jobs were started. The following

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Stacy Sexton Manufacturing began operations in September 2004. During that month, two jobs were started. The following costs were incurred:

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Factory overhead is applied at 120% of 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 September 30, 2004.

b. Calculate the cost of the finished goods inventory as of September 30, 2004.

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Introduction To Management Accounting A User Perspective

ISBN: 9780130327505

2nd Edition

Authors: Michael L Werner, Kumen H Jones

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Stacy Sexton Manufacturing began operations in September 2004. During that month, two jobs were started. The following

Question:

Direct material Direct labor Job A $2,500 7,000 Job B $5,000 9,500

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Introduction To Management Accounting A User Perspective

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