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Problem 2 - 2 5 ( Algo ) Calculating Ending Inventories and Cost of Goods Sold [ LO 2 - 5 ] Expedition Company worked
Problem Algo Calculating Ending Inventories and Cost of Goods Sold LO
Expedition Company worked on five jobs during May: Jobs A B C D and E At the end of May, the job cost sheets for
these five jobs contained the following data:
Jobs A C and E were completed during May. Jobs B and D were incomplete at the end of May. There was no finished
goods inventory on May and the company's total manufacturing overhead applied always equals its total actual manufacturing
overhead.
Required:
What is the cost of goods sold for May?
Note: Round "Unit product cost" to decimal places and final answer to nearest dollar amount.
What is the total value of the finished goods inventory at the end of May?
Note: Round "Unit product cost" to decimal places and final answer to nearest dollar amount.
What is the total value of the work in process inventory at the end of May?
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