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Morrow Corporation had only one job in process during May Job X 3 2 Z and had no finished goods inventory on May 1 .
Morrow Corporation had only one job in process during MayJob XZand had no finished goods inventory on May Job XZ
was started in April and finished during May, Data concerning that job appear below:
The company's total manufacturing overhead applied always equals its total actual manufacturing overhead.
Required:
What is the cost of goods sold for May?
What is the total value of the finished goods inventory at the end of May?
What is the total value of the work in process inventory at the end of May?
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