Figure 5 - 8
Lamour Corporation is a job order costing company that uses activity-based costing to apply overhead to jobs. The following overhead activities were budgeted for the year.
The following information about the jobs was given for April.
By April 30, Jobs 102 and 103 were completed and sold. The remaining jobs were still in process.
-Refer to Figure 5-8. The cost of goods sold would consist of the costs of what jobs?

Question

Figure 5 - 8
Lamour Corporation is a job order costing company that uses activity-based costing to apply overhead to jobs. The following overhead activities were budgeted for the year.
  The following information about the jobs was given for April.
  By April 30, Jobs 102 and 103 were completed and sold. The remaining jobs were still in process.
-Refer to Figure 5-8. The cost of goods sold would consist of the costs of what jobs?

Quizplus · Accepted Answer

The cost of goods sold only includes the costs of completed and sold jobs. In this case, Jobs 102 and 103 were the only completed and sold jobs by April 30. Therefore, the cost of goods sold would only consist of the costs of Job 102 and Job 103.