Question
Toan Incorporated uses a job-order costing system and its total manufacturing overhead applied always equals its total manufacturing overhead. In September the company completed job
Toan Incorporated uses a job-order costing system and its total manufacturing overhead applied always equals its total manufacturing overhead. In September the company completed job S80M that consisted of 37,000 units of one of the company's standard products. No other jobs were in process, completed, or sold during the month. The job cost sheet for Job S80M shows the following costs:
Beginning balance $ 206,700
Direct materials $ 634,500
Direct labor cost $ 578,700
Manufacturing overhead cost applied $ 689,100
During the month, 17,000 completed units from job S80M were sold. The cost of goods sold for September is closest to:
A. 969,000
B. 969,120
C. 936,300
D. 2,109,000
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