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Megan Company uses job-order costing. At the end of the month, the following data was gathered: Job # Total Cost Complete? Sold? 803 $500 yes

  1. Megan Company uses job-order costing. At the end of the month, the following data was gathered:

    Job #

    Total Cost

    Complete?

    Sold?

    803

    $500

    yes

    yes

    804

    200

    yes

    no

    805

    900

    no

    no

    806

    600

    yes

    yes

    807

    400

    yes

    no

    808

    330

    no

    no

    809

    600

    yes

    yes

    810

    680

    yes

    no

    811

    225

    no

    no

    812

    440

    no

    no

    Megans selling price is cost plus 40% for each of its products.

    What is Cost of Goods Sold for the month?

    a.

    $1,700

    b.

    $2,220

    c.

    $1,430

    d.

    $1,200

    e.

    $1,300

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