Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Waldbauer Incorporated uses a job-order costing system. In October the company completed job N66B that consisted of 10,000 units of one of the company's
Waldbauer Incorporated uses a job-order costing system. In October the company completed job N66B that consisted of 10,000 units of one of the company's standard products. No other jobs were in beginning finished goods inventory or work in process during the month. The job cost sheet for job N66B shows the following costs: Beginning balance $ 58,000 Direct materials Direct labor cost $268,000 $268,000 Manufacturing overhead cost applied $ 209,000 The company's total manufacturing overhead applied always equals its total manufacturing overhead. During the month, 4.700 completed units from job N66B were sold. The finished goods inventory that would appear on the balance sheet at the end of October would be: O $425,590 $377,410 $803,000 $179,300
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started