Question
Job-Order Costing Mincle Corp. uses job-order costing. The following information was collected at the end of the month: Job # Total Cost Completed? Sold? 1
Job-Order Costing
Mincle Corp. uses job-order costing. The following information was collected at the end of the month:
| Job # | Total Cost | Completed? | Sold? |
| 1 | $300 | Yes | No |
| 2 | 400 | Yes | Yes |
| 3 | 200 | No | No |
| 4 | 200 | Yes | Yes |
| 5 | 700 | No | No |
| 6 | 600 | Yes | No |
| 7 | 600 | Yes | Yes |
| 8 | 500 | No | No |
- Calculate the balance for ending WIP.
- Calculate the balance for ending FG.
- Calculate COGS for the month.
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Fundamentals of Cost Accounting
Authors: William Lanen, Shannon Anderson, Michael Maher
3rd Edition
9780078025525, 9780077517359, 77517350, 978-0077398194
