Question
The Don Company uses a job-order cost system. On June 1st four jobs were in process. The total of costs incurred by each job as
The Don Company uses a job-order cost system. On June 1st four jobs were in process. The total of costs incurred by each job as of June 1st is stated in the below which includes direct materials, direct labor, and factory overhead. Direct materials and direct labor costs incurred in month June were as follows:
Job Number
101
102
103
104
June 1
Work in Process
Inventory
$1.800
$1,200
$1.000
$ 700
Added During June
Direct
Direct
Materials
Labor
$ 500
$ 400
$ 700
$ 900
$1.000
$1,500
$1.200
$2,000
Overhead is applied to jobs at the rate of 60 percent of direct labor cost. Jobs 101, 103, and 104 were completed during June and were transferred to finished goods. Jobs 101 and 103 have been sold and delivered to the customers.
Compute cost of goods sold in June.
The Don Company uses a job-order cost system. On June 1st four jobs were in process. The total of costs incurred by each job as of June 1st is stated in the below which includes direct materials, direct labor, and factory overhead. Direct materials and direct labor costs incurred in month June were as follows: Overhead is applied to jobs at the rate of 60 percent of direct labor cost. Jobs 101,103 , and 104 were completed during June and were transferred to finished goods. Jobs 101 and 103 have been sold and delivered to the customers. Compute cost of goods sold in June. Example of Answer: 4000 No comma, space, decimal point, or $ sign. Answer: 12100 0/8 points Question 15 Alberto Company buys a product called Zoom at $15 each and sells it at $20 per unit. Company management has become interested inStep by Step Solution
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