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Please show calculations on how to get an answer for support for #17, #24, and #29 17. The job order cost sheets used by Garza
Please show calculations on how to get an answer for support for #17, #24, and #29
17. The job order cost sheets used by Garza Company revealed the following: May Production Costs Job. No. Bal. May 1 124 $1,700 125 126 1700 1,200 300 900 Job No. 125 was completed during May and Jobs No. 124 and 125 were shipped to customers in May. What was the company's cost of goods sold for May and the goods in process inventory on May 31? A. $3,200, $ 900. B. $2,900; $1,200. C. $1,200; $2,900. D. $1,700; $1,200. E. $4,100; $ 0. 18. The Goods in Process Invent 24. During last period, a company's direct labor cost was double factory overhead was $5,000 underapplied. Use the following incompi of direct labor. labor cost was double the cost of its direct material used. In add the following incomplete accounts to determine the cost Goods in Process Inventory Beg. Bal. 60,000 D.M. X ? D.L. 2 * ? O.H. ? F. G. End. Bal. 87,000 Finished Goods Inventory Beg. Bal. 76,000 ? 93,000 ? End. Bal. 71,000 Factory Overhead 75,000 76000- -300 7100 A. $15,000. B. $88,000. C. $45,000. D. $70,000. E. $30,000. 29. The Filtering Department started the current month with beginning goods in process inventory of $55,000. During the month, it was assigned the following costs: direct materials, $77,000, direct labor, $44,000; and factory overhead, 20% of direct material cost. Also, inventory with a cost of $66,000 was transferred out of the department to the next phase in the process. The ending balance of the Goods in Process Inventory account for the Filtering Department is: A. $ 66,000. 77.00 B. $110,000 C. $132,000. (D. $125,400. E. $191,400Step by Step Solution
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