Lucy Sportswear manufactures a specialty line of T-shirts.The company uses a job-order costing system.During March,the following costs were incurred on Job ICU2:
Direct materials: $ \quad $$ \quad $$\$ 13,700$
Direct labour: $ \quad $$ \quad $$ \quad $$\$ 4,800$
In addition,selling and shipping costs of $7,000 were incurred on the job.Manufacturing overhead was applied at the rate of $25 per machine hour,and Job ICU2 required 800 machine hours.If Job ICU2 consisted of 7,000 shirts,what was the Cost of Goods Sold per shirt?

Question

Lucy Sportswear manufactures a specialty line of T-shirts.The company uses a job-order costing system.During March,the following costs were incurred on Job ICU2: 
Direct materials: $ \quad $$ \quad $$\$ 13,700$
Direct labour: $ \quad $$ \quad $$ \quad $$\$ 4,800$
In addition,selling and shipping costs of $7,000 were incurred on the job.Manufacturing overhead was applied at the rate of $25 per machine hour,and Job ICU2 required 800 machine hours.If Job ICU2 consisted of 7,000 shirts,what was the Cost of Goods Sold per shirt?

Quizplus · Accepted Answer

The Answer of Lucy Sportswear manufactures a specialty line of T-shirts.The company uses a job-order costing system.During March,the following costs were incurred on Job ICU2: 
Direct materials: $ \quad $$ \quad $$\$ 13,700$
Direct labour: $ \quad $$ \quad $$ \quad $$\$ 4,800$
In addition,selling and shipping costs of $7,000 were incurred on the job.Manufacturing overhead was applied at the rate of $25 per machine hour,and Job ICU2 required 800 machine hours.If Job ICU2 consisted of 7,000 shirts,what was the Cost of Goods Sold per shirt?

Lucy Sportswear Manufactures a Specialty Line of T-Shirts \quad

Lucy Sportswear Manufactures a Specialty Line of T-Shirts $\quad$