FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Rohan Outfitters manufacturers durable work clothes and boots. During the month of June they worked on the following three jobs:

 

  Job A Job B Job C
Beginning balance $46,830 $189,515 $16,487
Direct materials $16,843 $13,541 $19,846
Direct labor $185,961 $64,891 $168,543
Applied manufacturing overhead $89,652 $78,943 $98,462
Ending balance $339,286 $346,890 $303,338

 

The status of each Job at the end of the month is, as follows: Job A remained in process, Job B was completed but unsold, Job C was sold. The manufacturing overhead reported for each job was applied using an ABC allocation method. The actual manufacturing overhead costs for June were determined to be $300,000. The MOH variance is determined to be immaterial. Using the information provided, what is the adjusted COGS expense for the month of June?

 

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