Question
Ralph Manufacturing Company uses a job-order costing system and started the month of March with one job in process (Job 10) at the amount of
Ralph Manufacturing Company uses a job-order costing system and started the month of March with one job in process (Job 10) at the amount of $800. Ralph assigned production costs to the jobs worked on during the month of March: Job 10 Job 11 Job 12 Total costs assigned $5,000 $7,200 $2,400 During March, Ralph completed and sold Job 10. Job 11 was also completed but was not sold by March 31. Job 12 was not completed. On March 31, the overhead control account was $500 overapplied. What is the amount of the cost of goods sold reported on the income statement for the month of March?
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