Question
Madtack Company uses a job-order costing system and started the month of March with three jobs in process. The cost of beginning work in process
Madtack Company uses a job-order costing system and started the month of March with three jobs in process. The cost of beginning work in process plus the costs added during March are shown below: Job #359 Job #360 Job #361 beginning work in process ..... $4,800 $6,300 $3,500 COSTS ADDED DURING MARCH direct materials .............. $6,400 $3,300 $4,100 direct labor .................. 3,000 4,000 5,000 Madtack applies overhead to jobs using a pre-determined overhead rate of 120% of direct labor cost. Madtack calculated its work in process at March 31 to be $17,800 and its cost of goods sold for March to be $18,400. Which job(s) were sold by Madtack during March?
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