Huse Inc. uses a job-order costing system in which any underapplied or overapplied overhead is closed to cost of goods sold at the end of the month. In June, the company completed job J38C that consisted of 21,000 units of one of the company's standard products. No other jobs were in process during the month. The job cost sheet for job J38C shows the following costs: During the month, the actual manufacturing overhead cost incurred was $229,110 and 16,000 completed units from job J38C were sold. No other products were sold during the month.
Required:
Determine the unadjusted cost of goods sold (in other words, the cost of goods sold BEFORE adjustment for any underapplied or overapplied overhead) for June. Show your work!

Question

Huse Inc. uses a job-order costing system in which any underapplied or overapplied overhead is closed to cost of goods sold at the end of the month. In June, the company completed job J38C that consisted of 21,000 units of one of the company's standard products. No other jobs were in process during the month. The job cost sheet for job J38C shows the following costs:  During the month, the actual manufacturing overhead cost incurred was $229,110 and 16,000 completed units from job J38C were sold. No other products were sold during the month.
Required:
Determine the unadjusted cost of goods sold (in other words, the cost of goods sold BEFORE adjustment for any underapplied or overapplied overhead) for June. Show your work!

Quizplus · Accepted Answer

The Answer of Huse Inc. uses a job-order costing system in which any underapplied or overapplied overhead is closed to cost of goods sold at the end of the month. In June, the company completed job J38C that consisted of 21,000 units of one of the company's standard products. No other jobs were in process during the month. The job cost sheet for job J38C shows the following costs:  During the month, the actual manufacturing overhead cost incurred was $229,110 and 16,000 completed units from job J38C were sold. No other products were sold during the month.
Required:
Determine the unadjusted cost of goods sold (in other words, the cost of goods sold BEFORE adjustment for any underapplied or overapplied overhead) for June. Show your work!

Huse Inc Uses a Job-Order Costing System in Which Any Underapplied