Answer: $12,300 |
Calculation:
Step 1: Ending Inventory
Ending Inventory = Units Produced - Units Sold
Ending Inventory = 1,000 Units - 400 Units = 600 Units
Step 2: Unit Product cost
Particulars | $ |
Direct Materials | 10,300 |
Direct Labor | 5,600 |
Manufacturing overhead applied | 4,600 |
Total Product cost | 20,500 |
Unit Product cost = $20,500 / 1,000 Units = $20.50 per unit
Step 3: Cost of the finished goods on hand
Cost of the finished goods on hand = 600 Units * $20.50 per unit = $12,300 |
All the best...
Fannin Company completed Job No. A20 during 2017. The job cost sheet listed the following: Direct...
Spruce Inc. completed Job No. A20 during 2020. The job cost sheet listed the following: Job No. A20 Costs for 5000 units produced: Direct materials $30,000 Direct labor $45,000 Manufacturing overhead applied $20,000 Units sold 2,000 units How much is the cost of the finished goods on hand at the end of the period from this job? $30,000 $57,000 $38,000 $45,000
Sheridan Company completed Job No. B14 during 2019. The job cost sheet listed the following: Direct materials Direct labor Manufacturing overhead applied Units produced Units sold $60000 $50000 $30000 5000 units 4800 units How much is the cost of the finished goods on hand from this job? O $178800 O $ 5600 O $140000 O $134400
Sportly, Inc. completed Job No. B14 during 2019. The job cost sheet listed the following: Direct materials used $100,000 Direct labor $80,000 Manufacturing overhead applied $70,000 Units produced 5,000 units Units on hand 2,000 units How much is the cost of the finished goods sold from this job?
a isnt correct 14.Sportly, Inc. completed Job No. B14 during 2011. The job cost sheet listed the following: Direct materials $44,000 Direct labor $24,000 Manufacturing overhead applied $16,000 Units produced 3,000 units Units sold 1,800 units How much is the cost of the finished goods on hand from this job? a. $84,000 A b. $50,400 c. $33,600 d. $40,800
Current Attempt in Progress Marigold Corp.completed Job No. B14 during 2017. The job cost sheet listed the following: Direct materials Direct labor Manufacturing overhead applied Units produced $60000 $50000 $30000 4000 units Units sold 2800 units How much is the cost of the finished goods on hand from this job? $42000 $106000 $140000 $98000 Save for Later Attempts: 0 F ODO F5 DIL
BACK Multiple Choice Question 77 Sunland Company completed Job No. B14 during 2019. The job cost sheet listed the following: Direct materials $110000 Direct labor $100000 Manufacturing overhead applied $80000 Units produced 2000 units Units sold 1800 units How much is the cost of the finished goods on hand from this job? $332000 $ 29000 $290000 $261000
•The following information is available for completed Job No. 402: Direct materials, $80,000; direct labor, $120,000; manufacturing overhead applied, $60,000; units produced, 5,000 units; units sold, 4,000 units. The cost of the finished goods on hand from this job is
A job cost sheet of Ivanhoe Company is given below. JOB NO. 469 Job Cost Sheet Quantity White Lion Cages Date Requested Todd Company Date Completed Direct Direct Materials Labor FOR 2.500 7/2 7/31 Manufacturing Overhead Date 7/10 700 900 400 1,675 1,575 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost Your answer is partially correct. Try again. Answer the following questions. (1) What are the source documents for direct materials, direct labor, and...
Question 9 5 pts The following information is available for completed Job No. 503: Direct materials, $260,000; direct labor, $560,000; manufacturing overhead applied, $280,000; units produced, 100,000 units; units sold, 80,000 units. The cost of the finished goods on hand from this job is O $1,100,000 $220,000 $840,000 $880,000 Question 10 5 pts
A job cost sheet of Sandoval Company is given below. JOB NO. ITEM FOR Job Cost Sheet 469 Quantity White Lion Cages Date Requested Todd Company Date Completed Direct Direct Materials Labor 2,500 7/2 7/31 Manufacturing Overhead Date 7/10 700 900 12 15 400 400 500 500 22 24 1,625 1,525 27 31 500 625 Cost of completed job: Direct materials Direct labor Manufacturing overhead Total cost Unit cost (a) Answer the following questions. (1) What are the source documents...