Kaushiva 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 September, the company completed job I91W that consisted of 12,000 units of one of the company's standard products. No other jobs were in process during the month. The job cost sheet for job I91W shows that the job's total cost was $649,200. During the month, 7,000 completed units from job I91W 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 September. Show your work!

Question

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The Answer of Kaushiva 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 September, the company completed job I91W that consisted of 12,000 units of one of the company's standard products. No other jobs were in process during the month. The job cost sheet for job I91W shows that the job's total cost was $649,200. During the month, 7,000 completed units from job I91W 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 September. Show your work!