Techuxia Corporation worked on four jobs during October: Job A256, Job A257, Job A258, and Job A260. At the end of October, thejob cost sheets for these jobs contained the following data:Beginning balanceCharged to the jobs during October:Direct materialsDirect laborManufacturing overhead appliedUnits completedUnits sold during OctoberJob A256$ 1,400$ 2,800$ 900$ 1,40010080Cost of goods sold for OctoberFinished goods inventory at the end of OctoberWork in process inventory at the end of OctoberJob A257$ 600$ 3,700$ 1,200$ 1,70000Job A258 Job A260$0$0$ 1,600$ 700$ 1,00030060Required:1. What is the cost of goods sold for October?2. What is the total value of the finished goods inventory at the end of October?3. What is the total value of the work in process inventory at the end of October?$ 3,700$ 500$ 800Jobs A256 and A258 were completed during October. The other two jobs were incomplete at the end of October. There was nofinished goods inventory on October 1. The company's total manufacturing overhead applied equals its total actual manufacturingoverhead.00

Name: Techuxia Corporation worked on four jobs during October: Job A256, Jo
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Description: Techuxia Corporation worked on four jobs during October: Job A256, Job A257, Job A258, and Job A260. At the end of October, thejob cost sheets for these jobs contained the following data:Beginning balanceCharged to the jobs during October:Direct mat

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Techuxia Corporation worked on four jobs during October: Job A256, Job A257, Job A258, and Job A260. At the end of October, th job cost sheets for these jobs contained the following data: Beginning balance Charged to the jobs during October: Direct materials Direct labor Manufacturing overhead applied Units completed Units sold during October Job A256 $ 1,400 $ 2,800 $ 900 $ 1,400 100 80 Job A257 Job A258 Job A260 $ 600 $0 $0 $ 3,700 $ 1,200 $ 1,700 0 0 $ 1,600 $ 700 $1,000 300 60 $ 3,700 $ 500 $ 800 Required: 1. What is the cost of goods sold for October? 2. What is the total value of the finished goods inventory at the end of October? 3. What is the total value of the work in process inventory at the end of October? 0 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.

Techuxia Corporation worked on four jobs during October: Job A256, Job A257, Job A258, and Job A260. At the end of October, th job cost sheets for these jobs contained the following data: Beginning balance Charged to the jobs during October: Direct materials Direct labor Manufacturing overhead applied Units completed Units sold during October Job A256 $ 1,400 $ 2,800 $ 900 $ 1,400 100 80 Job A257 Job A258 Job A260 $ 600 $0 $0 $ 3,700 $ 1,200 $ 1,700 0 0 $ 1,600 $ 700 $1,000 300 60 $ 3,700 $ 500 $ 800 Required: 1. What is the cost of goods sold for October? 2. What is the total value of the finished goods inventory at the end of October? 3. What is the total value of the work in process inventory at the end of October? 0 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.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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