Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

D Question 45 1 pts The job order cost sheets used by Garza Company revealed the following: Job No. 123 Bal. May 1 May Production

image text in transcribed

D Question 45 1 pts The job order cost sheets used by Garza Company revealed the following: Job No. 123 Bal. May 1 May Production Costs $ 1,700.00 $ $ 1,200.00 $ 300.00 $ S 900.00 125 126 Job No. 125 was completed during May and Jobs No. 123 and 125 were shipped to customers in May. What were the company's cost of goods sold for May and the goods in process inventory on May 31? 0 $4,100 and $0 O $3,200 and $900 O $2.900 and $1,200 0 $1,200 and $2.900 O $1,700 and $1,200 Rectangularship D Question 46 1 pts The predetermined overhead rate is $12.00 per direct labor hour. Job 213 required 420 direct labor hours of which 300 hours were incurred during the current accounting period. How much overhead should be applied to Job 213 during the current accounting period? O $2.556 O $5,040 O $3,600 0 $8,640 O None of the above D Question 47 1 pts The Cost Per Equivalent Unit for materials and conversion costs amount to $4 and $5 respectively. (Remember that Conversion costs are the costs of Labor and Overhead combined.) The ending work in process consists of 12,000 physical units that are 100% complete as to material and 70% complete as to conversion. What is the cost of this ending work in process inventory? O $90.000 O $108,000 $66.000 O $60.000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: Michael J. Jones

2nd Edition

1119977150, 978-1119977155

More Books

Students also viewed these Accounting questions

Question

understand the diversity and complexity of ageing in the workplace;

Answered: 1 week ago