Essay
Westgaard Inc.uses a job-order costing system in which any underapplied or overapplied overhead is closed to cost of goods sold at the end of the month.In March the company completed job G87M that consisted of 22, 000 units of one of the company's standard products.No other jobs were in process during the month.The job cost sheet for job G87M shows that the job's total cost was $1, 179, 200.During the month, the actual manufacturing overhead cost incurred was $323, 840 and the manufacturing overhead cost applied was $347, 600.And during the month, 4, 000 completed units from job G87M were sold.No other products were sold during the month.
Required:
Determine the unadjusted cost of goods sold (in other words, the cost of goods sold BEFORE adjustment for any underapplied or overapplied overhead)for March.Show your work!
Correct Answer:
Verified
Correct Answer:
Verified
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