Beland 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 December the company completed job K79D that consisted of 23, 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 K79D shows the following costs: During the month, the actual manufacturing overhead cost incurred was $427, 570 and 5, 000 completed units from job K79D 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 December.Show your work!

Question

Beland 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 December the company completed job K79D that consisted of 23, 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 K79D shows the following costs:  During the month, the actual manufacturing overhead cost incurred was $427, 570 and 5, 000 completed units from job K79D 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 December.Show your work!

Quizplus · Accepted Answer

The Answer of Beland 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 December the company completed job K79D that consisted of 23, 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 K79D shows the following costs:  During the month, the actual manufacturing overhead cost incurred was $427, 570 and 5, 000 completed units from job K79D 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 December.Show your work!