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 in process at the end of OctoberUnits sold during OctoberJobJob JobA256 A257 A258$1,010 $ 560 $ 0 $Total value of the finished goods $ 13,521Jobs A256 and A258 were completed during October. The other two jobs had not yet been completed at the end of October. Therewas no finished goods inventory on October 1.Required:1. What is the total value of the finished goods inventory at the end of October?$2,860 $3,980 $1,460 $3,720$1,240 $ 920 $ 510 $ 460$5,425 $1,870 $2,026 $ 4302150 10800 25303171400650Total value of the work in process $ 11,380JobA26002. What is the total value of the work in process inventory at the end of October?

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

Finished good inventory means the goods that are completed but not sold yet. The value of this can…

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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 in process at the end of October Units sold during October Job A256 $1,010 Total value of the finished goods $ 13,521 Job Job Job A257 A258 A260 $ 560 $ 0 $ 0 $2,860 $3,980 $1,460 $3,720 $1,240 $ 920 $ 510 $ 460 $5,425 $1,870 $2,026 $ 215 0 108 317 430 0 0 140 0 65 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. Required: 1. What is the total value of the finished goods inventory at the end of October? Total value of the work in process $ 11,380 2. What is the total value of the work in process inventory at the end of October? 0 253 0

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 in process at the end of October Units sold during October Job A256 $1,010 Total value of the finished goods $ 13,521 Job Job Job A257 A258 A260 $ 560 $ 0 $ 0 $2,860 $3,980 $1,460 $3,720 $1,240 $ 920 $ 510 $ 460 $5,425 $1,870 $2,026 $ 215 0 108 317 430 0 0 140 0 65 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. Required: 1. What is the total value of the finished goods inventory at the end of October? Total value of the work in process $ 11,380 2. What is the total value of the work in process inventory at the end of October? 0 253 0

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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1
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