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Vaughan Company uses a Job Order Cost system to account for its production. An examination of its ledger accounts at the end of the year
Vaughan Company uses a Job Order Cost system to account for its production. An examination of its ledger accounts at the end of the year show the following: (note: FOH is applied based on DL$) Raw Materials Iny bb 20 160 ? 10 WIP Inventory bb 10 2 DM 2 DL 170 FOH 85 90 Wages Payable 190 ? FG Inventory bb0 270 320 50 FOH CGS S5 bb 0 bb 0 90 ? 1. The amount of indirect material used this year is (do not use a dollar sign, only numbers!) 2. The Cost of Goods Manufactured this year is (do not use a dollar sign, only numbers!) 3. Sales this year were $400 and Selling & Administrative expenses were $70. Vaughan Company's net income is 1. (do not use a dollar sign only numbers O RI 0 a 10 Wages Payable 190 ? FG Inventory bb 0 270 320 50 FOH CGS 85 bb 0 90 bb 0 ? 5 1. The amount of indirect material used this year is .(do not use a dollar sign, only numbers!) 2. The Cost of Goods Manufactured this year is (do not use a dollar sign, only numbers!) 3. Sales this year were $400 and Selling & Administrative expenses were $70. Vaughan Company's net income is (do not use a dollar sign, only numbers! 4. During the year Job #24 was started and completed. The direct materials used for this job were $30 and the direct labor used was $40. The job order cost sheet for this job will show a total cost of (do not use a dollar sign, only numbers
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