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During August, the Apex worked on Job 1, Job 3 and Job 4. Production costs charged to these 3 jobs during August were as
During August, the Apex worked on Job 1, Job 3 and Job 4. Production costs charged to these 3 jobs during August were as follows: Direct Materials Job 1 $100 Job 3 $600 Job 4 $340 Direct Labor Applied Overhead $140 $120 $400 $500 $160 $240 Both Jobs 1 and 3 were completed during August. Job 1 consisted of 100 units, and Job 3 consisted of 30 units. Sales for August were 4 units of Job 2 at $150 per unit, 70 units of Job 1 at $25 per unit, and 9 units of Job 3 a $125 per unit. The company purchased $2,000 worth of materials during August. Assume that the only period cost (Operating Expense) is Selling for $190. Set up your job schedule and compute the same costs as outlined for August. Additionally, do a Schedule of COGM and a simplified Income Statement
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