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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
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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
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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