Techuxia Corporation worked on four jobs during October: Job A256, Job A257, Job A258, and Job A260. At the end of October, 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 $ 2,800 $4,200 $1,600 $ 2,800 100 0 80 Job A257 Job A258 $ 1,300 $0 $ 5,100 $ 2,600 $ 3,100 0 158 0 $ 3,000 $ 1,400 $ 1,700 1,000 0 200 Job A260 $0 $ 5,100 $ 1,200 $ 2,200 0 128 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. Required: 1. What is the cost of goods sold for October? Note: Round intermediate calculations to 2 decimal places and final answer to nearest dollar amount. 2. What is the total value of the finished goods inventory at the end of October? Note: Round intermediate calculations to 2 decimal places and final answer to nearest dollar amount.

Techuxia Corporation worked on four jobs during October: Job A256, Job A257, Job A258, and Job A260. At the end of October, 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 $ 2,800 $4,200 $1,600 $ 2,800 100 0 80 Job A257 Job A258 $ 1,300 $0 $ 5,100 $ 2,600 $ 3,100 0 158 0 $ 3,000 $ 1,400 $ 1,700 1,000 0 200 Job A260 $0 $ 5,100 $ 1,200 $ 2,200 0 128 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. Required: 1. What is the cost of goods sold for October? Note: Round intermediate calculations to 2 decimal places and final answer to nearest dollar amount. 2. What is the total value of the finished goods inventory at the end of October? Note: Round intermediate calculations to 2 decimal places and final answer to nearest dollar amount.

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

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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