Question
Job Order Costing (5% Grade) The following information has been taken from the job order cost system, used by SALEEM CORPORATION: Job No. Balance March
Job Order Costing (5% Grade) The following information has been taken from the job order cost system, used by SALEEM CORPORATION: Job No. Balance March 1 Production Cost in March 15 Rs. 150,000 --- 16 170,000 --- 17 50,000 Rs. 130,000 18 70,000 150,000 19 ---- 240,000 20 ---- 150,000 21 ---- 90,000 During March Job No. 17, 18 & 19 were completed, and job No. 15, 16 and 17 were sold on account at 40% above cost. REQUIRED: i) Cost of finished goods inventory beginning ii) Cost of goods in process inventory beginning iii) Cost of finished goods inventory ending iv) Cost of goods in process inventory ending v) Cost of goods manufactured vi) Cost of Goods sold vii) Sales
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