Homework Help is Here – Start Your Trial Now!
Business
Accounting
Techuxia Corporation worked on four jobs during October: Job A256, Job A257, Job A258, and Job A260. At the end of October, the job cost sheets for these jobs contained the following data: Job A256 Job A257 Beginning balance $ 2,200 $ 1,000 Job A258 $ 0 Job A260 $ 0 Charged to the jobs during October: Direct materials $ 3,600 $ 4,500 $ 2,400 $ 4,500 Direct labor $ 1,300 $ 2,000 $ 1,100 $ 900 Manufacturing overhead applied $ 2,200 $ 2,500 $ 1,400 $ 1,600 k Units completed 100 0 700 0 Units in process at the end of October Units sold during October 0 80 158 0 128 0 140 0 Jobs A256 and A258 were completed during October. The other two jobs were incomplete at the end of October. There was no finished goods inventory on October 1. The company's total manufacturing overhead applied equals its total actual manufacturing overhead. Required: 1. What is the cost of goods sold for October? Note: Round intermediate calculations to 2 decimal places and final answer to nearest dollar amount. 2. What is the total value of the finished goods inventory at the end of October? Note: Round intermediate calculations to 2 decimal places and final answer to nearest dollar amount. 3. What is the total value of the work in process inventory at the end of October? 1. Cost of goods sold for October 2. Finished goods inventory at the end of October 3. Work in process inventory at the end of October

Techuxia Corporation worked on four jobs during October: Job A256, Job A257, Job A258, and Job A260. At the end of October, the job cost sheets for these jobs contained the following data: Job A256 Job A257 Beginning balance $ 2,200 $ 1,000 Job A258 $ 0 Job A260 $ 0 Charged to the jobs during October: Direct materials $ 3,600 $ 4,500 $ 2,400 $ 4,500 Direct labor $ 1,300 $ 2,000 $ 1,100 $ 900 Manufacturing overhead applied $ 2,200 $ 2,500 $ 1,400 $ 1,600 k Units completed 100 0 700 0 Units in process at the end of October Units sold during October 0 80 158 0 128 0 140 0 Jobs A256 and A258 were completed during October. The other two jobs were incomplete at the end of October. There was no finished goods inventory on October 1. The company's total manufacturing overhead applied equals its total actual manufacturing overhead. Required: 1. What is the cost of goods sold for October? Note: Round intermediate calculations to 2 decimal places and final answer to nearest dollar amount. 2. What is the total value of the finished goods inventory at the end of October? Note: Round intermediate calculations to 2 decimal places and final answer to nearest dollar amount. 3. What is the total value of the work in process inventory at the end of October? 1. Cost of goods sold for October 2. Finished goods inventory at the end of October 3. Work in process inventory at the end of October

Principles of Cost Accounting
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...
See similar textbooks
icon
Related questions
icon
Concept explainers
Topic Video
Question
None
Techuxia Corporation worked on four jobs during October: Job A256, Job A257, Job A258, and Job A260. At the end of October, the job cost sheets for these jobs contained the following data: Job A256 Job A257 Beginning balance $ 2,200 $ 1,000 Job A258 $ 0 Job A260 $ 0 Charged to the jobs during October: Direct materials $ 3,600 $ 4,500 $ 2,400 $ 4,500 Direct labor $ 1,300 $ 2,000 $ 1,100 $ 900 Manufacturing overhead applied $ 2,200 $ 2,500 $ 1,400 $ 1,600 k Units completed 100 0 700 0 Units in process at the end of October Units sold during October 0 80 158 0 128 0 140 0 Jobs A256 and A258 were completed during October. The other two jobs were incomplete at the end of October. There was no finished goods inventory on October 1. The company's total manufacturing overhead applied equals its total actual manufacturing overhead. Required: 1. What is the cost of goods sold for October? Note: Round intermediate calculations to 2 decimal places and final answer to nearest dollar amount. 2. What is the total value of the finished goods inventory at the end of October? Note: Round intermediate calculations to 2 decimal places and final answer to nearest dollar amount. 3. What is the total value of the work in process inventory at the end of October? 1. Cost of goods sold for October 2. Finished goods inventory at the end of October 3. Work in process inventory at the end of October
Transcribed Image Text:Techuxia Corporation worked on four jobs during October: Job A256, Job A257, Job A258, and Job A260. At the end of October, the job cost sheets for these jobs contained the following data: Job A256 Job A257 Beginning balance $ 2,200 $ 1,000 Job A258 $ 0 Job A260 $ 0 Charged to the jobs during October: Direct materials $ 3,600 $ 4,500 $ 2,400 $ 4,500 Direct labor $ 1,300 $ 2,000 $ 1,100 $ 900 Manufacturing overhead applied $ 2,200 $ 2,500 $ 1,400 $ 1,600 k Units completed 100 0 700 0 Units in process at the end of October Units sold during October 0 80 158 0 128 0 140 0 Jobs A256 and A258 were completed during October. The other two jobs were incomplete at the end of October. There was no finished goods inventory on October 1. The company's total manufacturing overhead applied equals its total actual manufacturing overhead. Required: 1. What is the cost of goods sold for October? Note: Round intermediate calculations to 2 decimal places and final answer to nearest dollar amount. 2. What is the total value of the finished goods inventory at the end of October? Note: Round intermediate calculations to 2 decimal places and final answer to nearest dollar amount. 3. What is the total value of the work in process inventory at the end of October? 1. Cost of goods sold for October 2. Finished goods inventory at the end of October 3. Work in process inventory at the end of October
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 6 steps with 3 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Costing Systems
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Cost Accounting
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,
College Accounting, Chapters 1-27
College Accounting, Chapters 1-27
Accounting
ISBN:
9781337794756
Author:
HEINTZ, James A.
Publisher:
Cengage Learning,
SEE MORE TEXTBOOKS