Your Mama is Proud of You (YMPY) had the following jobs for the period: Job A Beginning - 10,200, Direct materials - 47,500, Direct labor - 39,700, Applied manufacturing overhead - 22,700, Ending Balance - 120,100 Job B Beginning - 57,600, Direct materials - 32,300, Direct labor - 91,200, Applied manufacturing overhead - 15,500, Ending Balance - 196,600 Job C Beginning - 71,400, Direct materials - 31,800, Direct labor - 93,000, Applied manufacturing overhead - 20,900, Ending balance - 217,100 Job D Beginning - 54,600, Direct materials - 33,300, Direct labor - 87,200, Applied manufacturing overhead - 82,900, Ending Balance - 258,000 Job A and B were finished but unsold at the end of the period. Job C and D were both completed and sold for cost plus 35%. Given the information provided, what is the finished goods ending balance for the period?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Your Mama is Proud of You (YMPY) had the following jobs for the period: Job A Beginning - 10,200, Direct materials - 47,500, Direct labor - 39,700, Applied manufacturing overhead - 22,700, Ending Balance - 120,100 Job B Beginning - 57,600, Direct materials - 32,300, Direct labor - 91,200, Applied manufacturing overhead - 15,500, Ending Balance - 196,600 Job C Beginning - 71,400, Direct materials - 31,800, Direct labor - 93,000, Applied manufacturing overhead - 20,900, Ending balance - 217,100 Job D Beginning - 54,600, Direct materials - 33,300, Direct labor - 87,200, Applied manufacturing overhead - 82,900, Ending Balance - 258,000 Job A and B were finished but unsold at the end of the period. Job C and D were both completed and sold for cost plus 35%. Given the information provided, what is the finished goods ending balance for the period? 

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