Broberg Inc.uses a job-order costing system in which any underapplied or overapplied overhead for the period is closed out to cost of goods sold.In August the company completed job A39E that consisted of 14, 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 A39E shows the following costs: During the month, the actual manufacturing overhead cost incurred was $182, 140 and 3, 000 completed units from job A39E were sold.No other products were sold.
Required:
Determine the cost of goods sold that would appear on the income statement for August.Show your work!

Question

Broberg Inc.uses a job-order costing system in which any underapplied or overapplied overhead for the period is closed out to cost of goods sold.In August the company completed job A39E that consisted of 14, 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 A39E shows the following costs:  During the month, the actual manufacturing overhead cost incurred was $182, 140 and 3, 000 completed units from job A39E were sold.No other products were sold.
Required:
Determine the cost of goods sold that would appear on the income statement for August.Show your work!

Quizplus · Accepted Answer

The Answer of Broberg Inc.uses a job-order costing system in which any underapplied or overapplied overhead for the period is closed out to cost of goods sold.In August the company completed job A39E that consisted of 14, 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 A39E shows the following costs:  During the month, the actual manufacturing overhead cost incurred was $182, 140 and 3, 000 completed units from job A39E were sold.No other products were sold.
Required:
Determine the cost of goods sold that would appear on the income statement for August.Show your work!