Question

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:

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 Job A258 Job A260 $ 1,070 $ 630 $ $ 0 Beginning balance Charged to the jobs during October: Direct materials Direct labor Manufacturing overhead applied Units completed Units in process at the end of October Units sold during October $ 2,900 $ 4,010 $ 1,430 $3,710 $ 1,190 $ 930 $ 510 $ 410 $ 5,740 $ 1,760 $ 2,740 $ 490 218 0 104 0 3200 264 1420630 Jobs A256 and A258 were completed during October. The other two jobs had not yet been completed at the end of October. There was no finished goods inventory on October 1. In October, overhead was underapplied by $1,230. The company adjusts its cost of goods sold every month for the amount of the underapplied or overapplied overhead.

Answer 1

1) Cost of goods sold
			Job A256	Job A258	Total
Balance at the beginning			1070	0	1070
Direct material			2900	1430	4330
Direct labor			1190	510	1700
Manufacturing overhead applied			5740	2740	8480
Total			10900	4680	15580
Completed unit			218	104
Unit of product sold			50	45
Unit sold			142	63
cost of goods sold -unadjusted			7100	2835	9935
add: underapplied overhead					1230
cost of goods sold					11165
2)			Job A256	Job A258	Total
Completed unit			218	104
less: unit sold			142	63
inventory at the end			76	41
unit product cost			50	45
Total value of fininshed goods			3800	1845	5645
3)			Job A257	Job A260	Total
balance at the beginning			630	0	630
Direct material			4010	3710	7720
direct labor			930	410	1340
manufacturing overhead			1760	490	2250
Total cost of ending work in process			7330	4610	11940