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The Lee Company uses a job-order cost system. The following data were recorded for June: June 1 Added During June Work in Direct Direct Process
The Lee Company uses a job-order cost system. The following data were recorded for June: June 1 Added During June Work in Direct Direct Process Job Number Inventory Materials Labor 235 $2,500 $ 600 $ 400 236 $1,500 $ 800 $1,000 237 $1,000 $1,200 $1,750 238 $ 800 $1,500 $2,250 Overhead is charged to production at 80% of direct materials cost. Jobs 235, 237, and 238 were completed during June and transferred to finished goods. Jobs 235 and 238 have been delivered to customer. Lee Company's cost of goods sold for June was: $15,520 $9,730 None of the choices $10,170 $14,640
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