ment 1. Which type of costing system is Clement using? What piece of data did you base your answer on? uses a system. We know this because Clement's costing records show costs being accumulated for each job order costing Data Table process order costing Date Total C Job No. Started Finished Sold at Oc Job No. 1 10/03 10/12 10/13 $ Job No. 2 10/03 10/30 11/01 Job No. 3 10/17 11/24 11/27 Job No. 4 10/29 11/29 12/03
ment 1. Which type of costing system is Clement using? What piece of data did you base your answer on? uses a system. We know this because Clement's costing records show costs being accumulated for each job order costing Data Table process order costing Date Total C Job No. Started Finished Sold at Oc Job No. 1 10/03 10/12 10/13 $ Job No. 2 10/03 10/30 11/01 Job No. 3 10/17 11/24 11/27 Job No. 4 10/29 11/29 12/03
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Question 6, part 1
Transcribed Image Text:Clement Manufacturing makes carrying cases for portable electronic devices. Its costing records yield the following information:
E (Click the icon to view the costing records.)
Read the requirements.
Requirement 1. Which type of costing system is Clement using? What piece of data did you base your answer on?
Clement uses a
system. We know this because Clement's costing records show costs being accumulated for each
job order costing
i Data Table
process order costing
Date
Total
Manufacturing
Total Cost of Job Costs Added in
Job No.
Started Finished Sold
at October 31
November
Job No. 1
10/03
10/12
10/13 $
1,300
Job No. 2
10/03
10/30
11/01
1,400
Job No. 3
10/17
11/24
11/27
1,000 $
900
Job No. 4
10/29
11/29
12/03
1,200
1,200
Click to select your answer(s) and then click Check Answer.
Job No. 5
11/08
11/12
11/14
650
Job No. 6
11/23
12/06
12/09
500
7 parts
Transcribed Image Text:g accumulated for each
process needed to complete the product.
job.
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