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The following data relates to the Aahil & co. for the month of June 2013. Company using job order costing system Job Numbers 1
The following data relates to the Aahil & co. for the month of June 2013. Company using job order costing system Job Numbers 1 2 3 4 Job No. 1, 2 and Job No. 3 were completed. Job No. 2 was sold 45% above the cost. Required: Calculate the following requirements. a. b. COGM. Direct Material 30000 20000 30000 15000 c. WIP ending. d. COGS. Direct Labor 50000 40000 25000 10000 FOH 35000 30000 25000 10000 e. FG ending. f. Gross profit. g. Selling price.
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Job costing It is a method of costing where all the costs like direct material direct labor and manu...
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
