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Proiect 1: - job order costing system XYZ S.co is a furniture manufacturing company; during the year end Dec. 2017 the company purchase raw material

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Proiect 1: - job order costing system XYZ S.co is a furniture manufacturing company; during the year end Dec. 2017 the company purchase raw material amount hirr 350.000 and used for the following three jobs. FOH is 80% of direct labor for each job. Beginning finished goods for all job was birr 60,000 Ending inventory count shows finished goods inventory of birr 35,000 Sales income amount birr 575,000 including VAT Assume WIP inventory for year beginning and end is nil. Required Calculate the cost of goods manufactured for each job. Cost of goods sold and Calculate gross profit Calculate prime cost and conversion cost

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