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Higher Up Company uses job-order costing. At the end of the month, the following data was gathered: Job # Total Cost Complete? Sold? 803 $611
Higher Up Company uses job-order costing. At the end of the month, the following data was gathered: Job # Total Cost Complete? Sold? 803 $611 yes yes 804 423 yes no 805 805 no no 806 682 yes yes 807 525 yes no 808 250 no no 809 440 yes yes 810 773 yes no 811 267 no no 812 341 no no Higher Up's selling price is cost plus 50% for each of its products. What is the total in Finished Goods? $2,230 $1,700 $1,860 $2,163 $1,721
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