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
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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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, the
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
Cost of goods sold for October
Finished goods inventory at the end of October
Work in process inventory at the end of October
Job A257
$ 600
$ 3,700
$ 1,200
$ 1,700
0
0
Job A258 Job A260
$0
$0
$ 1,600
$ 700
$ 1,000
300
60
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?
$ 3,700
$ 500
$ 800
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.
0
0
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: 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 Cost of goods sold for October Finished goods inventory at the end of October Work in process inventory at the end of October Job A257 $ 600 $ 3,700 $ 1,200 $ 1,700 0 0 Job A258 Job A260 $0 $0 $ 1,600 $ 700 $ 1,000 300 60 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? $ 3,700 $ 500 $ 800 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. 0 0
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