Question
(a) Calculate the total cost of each of the four jobs worked on in December. (b) Calculate the total manufacturing cost for December. (c) Calculate
(a) Calculate the total cost of each of the four jobs worked on in December.
(b) Calculate the total manufacturing cost for December.
(c) Calculate the cost of goods manufactured for December.
(d) Calculate the balance in the Work in Process Inventory account on December 31.
(e) Assume that Sheridan sold 15,000 computer caddies, 12,000 chairs, and 4,500 desks in December. Calculate Cost of Goods Sold for the month of December and the ending Finished Goods Inventory balance on December 31. (For computation purpose round per unit rates to 2 decimal places, e.g. 3.54. Round final answers to 0 decmial places, e.g. 45,000.)
Cost of goods sold
Finished goods inventory
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