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.

Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter1: Introduction To Cost Accounting
Section: Chapter Questions
Problem 12E: Gerken Fabrication Inc. uses the job order cost system of accounting. The following information was...
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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
$ 2,800
$ 4,200
$ 1,600
$ 2,800
100
1. Cost of goods sold for October
2. Finished goods inventory at the end of October
3. Work in process inventory at the end of October
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.
3. What is the total value of the work in process inventory at the end of October?
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 in process at the end of October Units sold during October Job A256 $ 2,800 $ 4,200 $ 1,600 $ 2,800 100 1. Cost of goods sold for October 2. Finished goods inventory at the end of October 3. Work in process inventory at the end of October 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. 3. What is the total value of the work in process inventory at the end of October?
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