A company uses a job-order costing system and its total manufacturing overhead applied always equals its total manufacturing overhead. In April the company completed a 20,700 units their standard products. No other jobs were in process, completed, or sold during the month. The job cost sheet shows that the total cost was $1,262,700. During the month, 15,700 completed units were sold. What was the cost of goods sold for the month of April.

Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter4: Accounting For Factory Overhead
Section: Chapter Questions
Problem 9P: Channel Products Inc. uses the job order cost system of accounting. The following is a list of the...
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A company uses a job-order costing system and its total manufacturing overhead applied
always equals its total manufacturing overhead. In April the company completed a 20,700 units
their standard products. No other jobs were in process, completed, or sold during the month.
The job cost sheet shows that the total cost was $1,262,700. During the month, 15,700
completed units were sold.
What was the cost of goods sold for the month of April.
Transcribed Image Text:A company uses a job-order costing system and its total manufacturing overhead applied always equals its total manufacturing overhead. In April the company completed a 20,700 units their standard products. No other jobs were in process, completed, or sold during the month. The job cost sheet shows that the total cost was $1,262,700. During the month, 15,700 completed units were sold. What was the cost of goods sold for the month of April.
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