Problem Number 3: The following data relates to the Aahil& co. for the month of June 2013. Company using job order costing system Job Numbers Direct Material Direct Labor 1 30000 50000 2 20000 40000...


Solve part D , E and F


Problem Number 3:<br>The following data relates to the Aahil& co. for the month of June 2013. Company using job order costing<br>system<br>Job Numbers<br>Direct Material<br>Direct Labor<br>1<br>30000<br>50000<br>2<br>20000<br>40000<br>30000<br>15000<br>FOH applied 80% of the direct labor to each.<br>Job No. 1, 2 and Job No. 3 were completed.<br>3<br>25000<br>10000<br>Job No. 2 was sold 45% above the cost.<br>Required: Calculate the following requirements.<br>d. FG ending.<br>e. Gross profit.<br>f. Selling price.<br>a. COGM.<br>b. WIP ending.<br>c. COGS.<br>

Extracted text: Problem Number 3: The following data relates to the Aahil& co. for the month of June 2013. Company using job order costing system Job Numbers Direct Material Direct Labor 1 30000 50000 2 20000 40000 30000 15000 FOH applied 80% of the direct labor to each. Job No. 1, 2 and Job No. 3 were completed. 3 25000 10000 Job No. 2 was sold 45% above the cost. Required: Calculate the following requirements. d. FG ending. e. Gross profit. f. Selling price. a. COGM. b. WIP ending. c. COGS.

Jun 11, 2022
SOLUTION.PDF
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here
Have files?