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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 5 (1 point) Lincoln Company uses job order costing for a line of welding machines. The actual cost for production during 2020 totaled $18,000 of materials, $9,000 of direct labor costs, and $6,000 of manufacturing overhead was applied. There were no finished goods inventory at the end of the year. WIP at the beginning of the year was $15,000, and the ending balance was $9,000. During the year, the company completed 25 machines. How much is the cost per machine? $1,080 $1,560 $1,320 $1,920 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 O $353,600
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