Question
Morrow Corporation had only one job in process during May-Job X322and had no finished goods Inventory on May Job X322 was started in April and
Morrow Corporation had only one job in process during May-Job X322and had no finished goods Inventory on May Job X322 was started in April and finished during May. Data concerning that job appear below Beginning balance Charged the job during May Direct materials Direct labor Manufactunng overhead applied Units completed Units in process at the end of May Units sold during May Job 5,000 8,000 2,000 4.000 In May, overhead was overapplied by The company adjusts its cost of goods sold every month for the amount of the overhead that was underapplied or overapplied Required: Using the direct methodwhat is the cost of goods sold for May Cost goods
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