Problem 2-23 (Algo) Calculating Ending Inventories and Cost of Goods Sold [LO2-5]

Techuxia Corporation worked on four jobs during October: Job A256, Job A257, Job A258, and Job A260. At the end of October, the job cost sheets for these jobs contained the following data:

	Job A256	Job A257	Job A258	Job A260
Beginning balance	$ 3,200	$ 1,500	$ 0	$ 0
Charged to the jobs during October:
Direct materials	$ 4,600	$ 5,500	$ 3,400	$ 5,500
Direct labor	$ 1,800	$ 3,000	$ 1,600	$ 1,400
Manufacturing overhead applied	$ 3,200	$ 3,500	$ 1,900	$ 2,600
Units completed	100	0	1,200	0
Units in process at the end of October	0	154	0	124
Units sold during October	80	0	240	0

Jobs A256 and A258 were completed during October. The other two jobs were incomplete at the end of October. There was no finished goods inventory on October 1. The companys total manufacturing overhead applied equals its total actual manufacturing overhead.

Required:

1. What is the cost of goods sold for October?

Note: Round intermediate calculations to 2 decimal places and final answer to nearest dollar amount.

1. What is the total value of the finished goods inventory at the end of October?

Note: Round intermediate calculations to 2 decimal places and final answer to nearest dollar amount.

1. What is the total value of the work in process inventory at the end of October?

\begin{tabular}{|l|l|} \hline 1. Cost of goods sold for October & \\ \hline 2. Finished goods inventory at the end of October & \\ \hline 3. Work in process inventory at the end of October & \\ \hline \end{tabular}