Sheridan Company completed Job No. B14 during 2019. The job cost sheet listed the following: Direct...

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Answer 1

Answer #1

Direct Materials = $60,000

Add:

Direct Labor = $50,000

Manufacturing Overhead applied = $30,000

Cost of goods manufactured = $140,000

Finished goods produced = 5,000

Cost per unit produced = $140,000 /5,000 = $28 per unit

Ending Inventory (5,000 -4,800) = 200 units

So, cost of Ending Inventory = 200 units * $28 per unit

Cost of Ending Inventory = $5,600

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Answer 2

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