Question
The Lee Company uses a job-order costing system. The following data were for June : Job Number 235 , june 1 work in process inventory
The Lee Company uses a job-order costing system. The following data were for June :
Job Number
235 , june 1 work in process inventory : $2,500 direct materials : $600 direct labor : $400
236, june 1 work in process inventory : $1,500 direct materials : $800 direct labor : $1,000
237, june 1 work in process inventory : $1,000 direct materials : $1,200 direct labor : $1,750
238, june 1 work in process inventory : $800 direct materials : $1,500 direct labor : $2,250
Question : 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 customers. Lee Company's cost of goods sold for June was :
A) $15,520 B) $10,170 C) $9,730 D) $14,460
ANSWER WAS C) BUT I NEED HELP WITH STEPS AS TO HOW, NOT JUST AN AGREEMENT WITH THE ANSWER OR AN ANSWER . THANKS :)
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