Russo Corporation had only one job in process during June-Job G431-and had no finishe

goods inventory on July 1. Job G431 was started in May and finished during June

concerning that job appear below:

Job G431

Beginning balance ...........

Charged to the job during June:

Direct materials .......

Direct labor ...

Manufacturing overhead applied ...

Units completed .......

Units in process at the end of June

Units sold during June ............

$8,000

$12,000

$5,000

$8.000

200

0

80

In June, overhead was underapplied by $600. The company adjusts its cost of goods sold e

month for the amount of the overhead that was underapplied or overapplied. (Marks 10)

Required:

i. Using the indirect method, determine the cost of goods sold for June. [7]

i.

Using Direct Method to compute Cost of goods sold [3]