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speed sand me question Two (8 points): The following information pertains to KMG Manufacturing Corporation: 1- Jobs received 101; 102; 103. 2- Jobs completed 100;102;40%
speed sand me
question Two (8 points): The following information pertains to KMG Manufacturing Corporation: 1- Jobs received 101; 102; 103. 2- Jobs completed 100;102;40% of 103 . 3- Jobs sold 99;100;50% of 102 . 4- Beginning balances: work in process $10,000 (job no 100) finish goods $9,000 (job no 99). 5- Material used: a- 100:$10,000 b- 101:$80,000. c- 102$90,000 d- 103: $5,000 6- Labor a(Ctr) - ect hour and the direct hours: a- 100:15,000. b- 101:30,000. c- 102:20,000. d- 103: 7,000. 7- Overhead cost $2 per direct hour. Instruction: find the followings: (hint: prepare job costing schedule first) 1- COGS: 2- F.G during: 3- F.G at the end (31/12): 4- WIP at the end (31/12)Step by Step Solution
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