Figure 5 - 8 Griswold 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 September.
By September 30, Jobs 102 and 103 were completed and sold.The remaining jobs were still in process.
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Refer to Figure 5-8.The cost of goods sold would consist of the costs of what jobs?

Question

Figure 5 - 8 Griswold 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 September.
 By September 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 typically includes the costs of jobs that have been completed and sold. If Figure 5-8 indicates that Job 102 and Job 103 are completed and sold, then their costs would be included in the cost of goods sold.

Figure 5 - 8 Griswold Corporation Is a Job Order