Question

•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

Answer 1

Answer is $52,000

Solution:

Direct materials		$    80,000.00
Direct labor		$ 120,000.00
manufacturing overhead applied		$    60,000.00
Total cost		$ 260,000.00
Units produced		5000	units
Unit cost	=	$260000/5000= $52
units produced		5000	units
Units Sold		4000	units
The cost of the finished goods on hand from this job is =		1000	units =	1000*52	$52,000