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Flat Water Boating Company produces standup paddleboards. The company uses a job order costing system. During the period, the company incurred the following costs to
Flat Water Boating Company produces standup paddleboards. The company uses a job order costing system. During the period, the company incurred the following costs to complete job #322: direct materials, $52,000 and direct labor, $37,000. The company also incurred $14,000 of administrative costs and $8,000 of selling costs to complete this job. Job #322 required 1,600 machine hours. Factory overhead was applied to the job at a rate of $25 per machine hour. If job #322 resulted in 150 paddleboards, what was the Cost of Goods Sold per paddleboard?
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To calculate the Cost of Goods Sold COGS per paddleboard for job 322 we need to consider all the cos...
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