indirect cost of goods sold 432948
Aug 29, 2021 | Uncategorized
Given the following problem:
| Kuvomi Corporation worked on four jobs during October: Job F346, Job F347, Job F348, and Job F349. At the end of October, the job cost sheets for these jobs contained the following data: |
|
Job F346 |
Job F347 |
Job F348 |
Job F349 |
| Beginning balance |
|
$ |
1,050 |
|
|
$ |
670 |
|
|
$ |
0 |
|
|
$ |
0 |
|
| Charged to the jobs during October: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Direct materials |
|
$ |
2,780 |
|
|
$ |
3,900 |
|
|
$ |
1,550 |
|
|
$ |
3,660 |
|
| Direct labor |
|
$ |
1,210 |
|
|
$ |
970 |
|
|
$ |
680 |
|
|
$ |
420 |
|
| Manufacturing overhead applied |
|
$ |
1,692 |
|
|
$ |
1,740 |
|
|
$ |
1,982 |
|
|
$ |
480 |
|
| Units completed |
|
|
204 |
|
|
|
0 |
|
|
|
117 |
|
|
|
0 |
|
| Units in process at the end of October |
|
|
0 |
|
|
|
310 |
|
|
|
0 |
|
|
|
263 |
|
| Units sold during October |
|
|
154 |
|
|
|
0 |
|
|
|
50 |
|
|
|
0 |
|
|
| Jobs F346 and F348 were completed during October. The other two jobs had not yet been completed at the end of October. There was no finished goods inventory on October 1. |
| In October, overhead was underapplied by $1,260. The company adjusts its cost of goods sold every month for the amount of the underapplied or overapplied overhead. |
I came up with 7349, which the system rejects. What have I done incorrectly? Below is my excel work.
bb 1050 0 |
|
|
|
| DM |
2780 |
1550 |
|
| DL |
1210 |
680 |
|
| MOHA |
1692 |
1982 |
|
| Units completed |
204 |
117 |
|
| wip |
0 |
0 |
|
| sold |
154 |
50 |
|
|
|
|
|
| total job charges |
5682 |
4212 |
|
| product cost |
27.85294 |
36 |
|
| unadjusted cogs |
4289.353 |
1800 |
6089.353 |
| plus 1260 |
|
|
1260 |
|
Thanks! |
|
|
7349.353 |
