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Category > Accounting Posted 02 Jun 2017 My Price 5.00

The Lee Corporation uses a job-order costing system

The Lee Corporation uses a job-order costing system. The following data were recorded for June:

 

  June 1 Added During June

Job Number Work in Process Inventory Direct Materials Direct Labor

235 $2,500 $600 $400

236 $1,500 $800 $1,000

237 $1,000 $1,200 $1,750

238 $800 $1,500 $2,250

 

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. Actual manufacturing overhead was equal to manufacturing overhead applied. There were no Work in Process or Finished Goods inventories at the beginning of June.

 

Lee Corporation's cost of goods sold for June was:

 

 

 

 

 

 

 

 

 

Answers

Alpha Geek
(8)
Status NEW Posted 02 Jun 2017 07:06 AM My Price 5.00

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Attachments

file 1496388282-1502454_1_636318973566486233_cost-of-Goods-sold.xlsx preview (124 words )
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