Mauffray 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 February the company completed job M73U that consisted of 20,000 units of one of the company's standard products.No other jobs were in process during the month.The job cost sheet for job M73U shows the following costs: During the month,the actual manufacturing overhead cost incurred was $358,200 and 19,000 completed units from job M73U 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 February.Show your work!

Question

Mauffray 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 February the company completed job M73U that consisted of 20,000 units of one of the company's standard products.No other jobs were in process during the month.The job cost sheet for job M73U shows the following costs:  During the month,the actual manufacturing overhead cost incurred was $358,200 and 19,000 completed units from job M73U 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 February.Show your work!

Quizplus · Accepted Answer

The Answer of Mauffray 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 February the company completed job M73U that consisted of 20,000 units of one of the company's standard products.No other jobs were in process during the month.The job cost sheet for job M73U shows the following costs:  During the month,the actual manufacturing overhead cost incurred was $358,200 and 19,000 completed units from job M73U 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 February.Show your work!