****Use the following information for the next three (3) questions********

1. Job-Order Costing

Mincle Corp. uses job-order costing. The following information was collected at the end of the month:

Job #	Total Cost	Completed?	Sold?
1	$300	Yes	No
2	400	Yes	Yes
3	200	No	No
4	200	Yes	Yes
5	700	No	No
6	600	Yes	No
7	600	Yes	Yes
8	500	No	No

1. Calculate the balance for ending WIP. ANSWER: __________________ (3 PTS.)

2. Calculate the balance for ending FG. ANSWER: __________________ (3 PTS.)

3. Calculate COGS for the month. ANSWER: __________________ (3 PTS.)

4. Jacks 10-Key Calculator Co. had a beginning balance on Job #2006 of $100 for DM, $100 for DL, and $25 for MOH. During the period, an additional $600 of DM and $900 of DL were used. Overhead is applied at the rate of 75 cents per DL dollar. Jack uses job-order costing. What is the total cost of Job #2006?

ANSWER: __________________ (3 PTS.)