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 1. Required: Job Job Job A256 A257 A258 A260 Job $ 910 $ 2,720 2. $ 1,210 $3,600 211 0 143 $ 540 $ 4,050 $ 870 $ 1,740 0 319 0 $ 0 $ 1,570 $ 600 $ 2,890 110. 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. O In October, overhead was underapplied by $1,260. The company adjusts its cost of goods sold every month for the amount of the underapplied or overapplied overhead. 66 $ 0 $3,800 $ 360 $ 530 Using the direct method, what is the cost of goods sold for October? 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? 0 264 0

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter26: Manufacturing Accounting: The Job Order Cost System
Section: Chapter Questions
Problem 6SEB: JOURNAL ENTRIES FOR MATERIAL. LABOR, OVERHEAD, AND SALES Alert Enterprises had the following job...
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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
1.
Required:
Job
A256 A257
$
Job Job Job
A258 A260
910
2.
$ 2,720
$ 1,210
$ 3,600
211
0
143
$
540
$ 4,050
$ 870
$ 1,740
0
319
0
$
0
$ 1,570
$ 600
$ 2,890
110.
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.
0
In October, overhead was underapplied by $1,260. The company adjusts its
cost of goods sold every month for the amount of the underapplied or overapplied
overhead.
66
$
$3,800
$
$
0
360
530
Using the direct method, what is the cost of goods sold for October?
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
264
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 in process at the end of October Units sold during October 1. Required: Job A256 A257 $ Job Job Job A258 A260 910 2. $ 2,720 $ 1,210 $ 3,600 211 0 143 $ 540 $ 4,050 $ 870 $ 1,740 0 319 0 $ 0 $ 1,570 $ 600 $ 2,890 110. 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. 0 In October, overhead was underapplied by $1,260. The company adjusts its cost of goods sold every month for the amount of the underapplied or overapplied overhead. 66 $ $3,800 $ $ 0 360 530 Using the direct method, what is the cost of goods sold for October? 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? 0 264 0
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