Sassafras Yacht Corporation began operations on December 1, 2016.The company uses normal costing as part of a
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Sassafras Yacht Corporation began operations on December 1, 2016.The company uses normal costing as part of a job-order cost system.During December, the company purchased $95,000 of direct material, and then used $50,000 of these direct materials to start Job 450.The company charged total conversion costs of $56,000 (direct labor and overhead) to Job 450 during December.As of the end of December Job 450 was not complete.There was no underapplied or overapplied overhead for December.
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