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S Morrow Corporation had only one job in process during May-Job X32Z-and had no finished goods inventory on May 1. Job X32Z was started
S Morrow Corporation had only one job in process during May-Job X32Z-and had no finished goods inventory on May 1. Job X32Z was started in April and finished during May, Data concerning that job appear below: Job X32Z Direct materials Beginning balance $ 16,000 Charged to the job during May $ 13,500 $ 4,200 Manufacturing overhead applied $ 29,300 Direct labor Units completed Units sold during May 210 95 The company's total manufacturing overhead applied always equals its total actual manufacturing overhead. Required: 1. What is the cost of goods sold for May? 2. What is the total value of the finished goods inventory at the end of May? 3. What is the total value of the work in process inventory at the end of May? 1. Cost of goods sold 2. Ending finished goods inventory 3. Ending work in process inventory
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