Question
Our company began operations on August 1. We use normal costing. During August, we only worked on 3 jobs, Job A, Job B and Job
Our company began operations on August 1. We use normal costing. During August, we only worked on 3
jobs, Job A, Job B and Job C. The costs that were charged to these three jobs during January are as follows:
Job 1
Job 2
Job 3
Direct Materials
$ 200
$ 50
$ 800
Direct Labor
800
300
1600
Applied Overhead
2200
825
4400
Job A and Job C were finished in August, but Job B was not finished. Job A consisted of 1,600 units and Job
C consisted of 1,700 units. During August, the company sold 800 units of Job A at a selling price of $9 each.
Also, during August, the company sold 100 units from Job C at a selling price of $15 each. YOU MUST SHOW
YOUR WORK TO RECEIVE ANY CREDIT.
1. Compute the Cost of Goods Manufactured for August.
______
2. Compute the ending Work in Process for August.
______
3. Compute the total Sales for August.
______
4. Compute the ending Finished Goods for August.
______
3 points Extra Credit
Extra Credit:
1)
Compute the Cost of Goods Sold for August.
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