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Burson, Inc. uses a job-order costing system. It reported the following amounts for March: Work in process, March 1 $35,000 Finished goods, March 1 $12,800
Burson, Inc. uses a job-order costing system. It reported the following amounts for March: Work in process, March 1 $35,000 Finished goods, March 1 $12,800 Work in process, March 31 31,000 Finished goods, March 31 15,200 Cost of goods manufactured 182,000 Raw materials, March 1 15,300 Direct labor used 56,000 Raw materials, March 31 17,800 Selling costs incurred 33,000 Direct materials used 66,000
How much will Burson report as cost of goods sold for the month of March?
Burson, Inc. uses a job-order costing system. It reported the following amounts for March:
Work in process, March 1 | $35,000 | Finished goods, March 1 | $12,800 | |
Work in process, March 31 | 31,000 | Finished goods, March 31 | 15,200 | |
Cost of goods manufactured | 182,000 | Raw materials, March 1 | 15,300 | |
Direct labor used | 56,000 | Raw materials, March 31 | 17,800 | |
Selling costs incurred | 33,000 | Direct materials used | 66,000 |
How much will Burson report as cost of goods sold for the month of March?
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Managerial Accounting Wileyplus Blackboard Student Package
Authors: Charles E. Davis, Elizabeth Davis
3rd Edition
1119342511, 978-1119342519
