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Expedition Company worked on five jobs during May: Jobs A10, B20, C30, D40, and E50. At the end of May, the job cost sheets
Expedition Company worked on five jobs during May: Jobs A10, B20, C30, D40, and E50. At the end of May, the job cost sheets for these five jobs contained the following data: Beginning balance Job A10 $213 Job 820 $ 230 Job C30 $ 222 Job D40 Job E50 $198 $ 255 Charged to the jobs during May: 1 Direct materials $ 250 $ 230 $280 $ 180 $ 360 Direct labor $230 $ 240 $ 150 $260 $ 290 Manufacturing overhead applied Units completed $257 260 $270 $118 $212 $265 120 290 Units sold during May 0 120 e 240 Jobs A10, C30, and E50 were completed during May. Jobs B20 and D40 were incomplete at the end of May. There was no finished goods inventory on May 1, and the company's total manufacturing overhead applied always equals its total actual manufacturing. overhead. Required: 1. What is the cost of goods sold for May? Note: Round "Unit product cost" to 2 decimal places and final answer to nearest dollar amount. 2. What is the total value of the finished goods inventory at the end of May? Note: Round "Unit product cost" to 2 decimal places and final answer to nearest dollar amount. 3. What is the total value of the work in process inventory at the end of May? 1. Cost of goods sold for May 2. Finished goods inventory at the end of May 3. Work in process inventory at the end of May
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