Job costing The Goldstein Company employs a job order cost system to account for its costs. There
Question:
Job costing The Goldstein Company employs a job order cost system to account for its costs. There are three production departments. Separate departmental cost driver rates are employed because the demand for support activities for the three departments is very different. All jobs generally pass through all three production departments. Data regarding the hourly direct labor rates, cost driver rates, and three jobs on which work was done during the month of April 2000 appear below. Jobs 101 and 102 were completed during April, while job 103 was not completed as of April 30, 2000. The costs charged to jobs not completed at the end of a month are shown as work in process at the end of that month and at the beginning of the next month.
REQUIRED
(a) Determine the total cost of completed job 101.
(b) Determine the total cost of completed job 102.
(c) Determine the ending balance of work in process for job 103 as of April 30 2000. H
Step by Step Answer:
Management Accounting
ISBN: 9780130101952
3rd Edition
Authors: Anthony A. Atkinson, Robert S. Kaplan, S. Mark Young, Rajiv D. Banker, Pajiv D. Banker