Question
Quicker company uses a job order costing system. on May 1,Quicker Company's Work In Process Inventory account shows a beginning balance of $161,000. Production activity
Quicker company uses a job order costing system. on May 1,Quicker Company's Work In Process Inventory account shows a beginning balance of $161,000. Production activity for May was as follows: Materials costing $91,000, along with operating supplies of $18,000 were requistioned into production. Quicker Company's total payroll was $122,000 of which $73,000 was indirect labor. Overhead is applied at a rate of 110% of the direct labor cost. Quickers Cost of Goods Sold for the month of May was $682,000. Finished goods Inventory was $77,500 on May 1 and $80,000 on May 31.
calculate Quickers cost of goods completed for may
calculate quickers work in process ending inventory May 31
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