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Morehead 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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Morehead 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 Morehead's selling price is cost plus 40% for each of its products. What is Cost of Goods Sold for the month? ? 0 $1,700 0 $1,430 0 $1,200 O $2,220 0 $1,300

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