Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 4 (1 point) Data below was taken from the job cost sheet for Job 218 which was completed: DM, $130,000; DL, $175,000; MOH applied,
Question 4 (1 point) Data below was taken from the job cost sheet for Job 218 which was completed: DM, $130,000; DL, $175,000; MOH applied, $82,000; units completed, 4,500; units sold, 4,000. What is the cost of finished goods on hand from this job? $60,000 $390,000 $43,000 $312,000 Question 6 (1 point) At the end of December, 2020, Lennon Incorporated had $2,000 of raw materials in inventory. The beginning raw materials balance in 2020 was $1,600. During 2020, the Lennon purchased $354,000 of raw materials; but by year end had only paid $314,000 on their account with the raw materials supplier. How much inventory was used for jobs during 2020? $354,400 $344,400 $343,600 $353,600
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started