Goodness 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 July the company completed job K22T that consisted of 15,000 units of one of the company's standard products.No other jobs were in process during the month.The job cost sheet for job K22T shows that the job's total cost was $664,500.During the month,9,000 completed units from job K22T 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 July.Show your work!

Question

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The Answer of Goodness 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 July the company completed job K22T that consisted of 15,000 units of one of the company's standard products.No other jobs were in process during the month.The job cost sheet for job K22T shows that the job's total cost was $664,500.During the month,9,000 completed units from job K22T 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 July.Show your work!