The Lee Corporation uses a job-order costing system.The following data were recorded for June: Overhead is charged to production at 80% of direct materials cost.Jobs 235, 237, and 238 were completed during June and transferred to finished goods.Jobs 235 and 238 have been delivered to customers.Actual manufacturing overhead was equal to manufacturing overhead applied.There were no Work in Process or Finished Goods inventories at the beginning of June. Lee Corporation's cost of goods sold for June was:

Question

The Lee Corporation uses a job-order costing system.The following data were recorded for June:  Overhead is charged to production at 80% of direct materials cost.Jobs 235, 237, and 238 were completed during June and transferred to finished goods.Jobs 235 and 238 have been delivered to customers.Actual manufacturing overhead was equal to manufacturing overhead applied.There were no Work in Process or Finished Goods inventories at the beginning of June. Lee Corporation's cost of goods sold for June was:

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The Answer of The Lee Corporation uses a job-order costing system.The following data were recorded for June:  Overhead is charged to production at 80% of direct materials cost.Jobs 235, 237, and 238 were completed during June and transferred to finished goods.Jobs 235 and 238 have been delivered to customers.Actual manufacturing overhead was equal to manufacturing overhead applied.There were no Work in Process or Finished Goods inventories at the beginning of June. Lee Corporation's cost of goods sold for June was:

The Lee Corporation Uses a Job-Order Costing System