Calculate the total cost of goods manufactured

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Reference no: EM132710770

Kasi Furnishing produces tailor-made furniture for clients hence uses a job-order costing system to track its progress and results. In April, there were four jobs in progress.

	1-Apr	Added during April
Job	Work in process	Direct Materials	Direct Labor
AB3015Y	$3,750	$1,100	$300
CX2016A	$2,590	$950	$800
DK2467V	$1,580	$830	$1,660
0P20982	$970	$1,950	$2,580

Overheads were charged to production at 150% of direct labor costs. Jobs AB3015Y, CX2016A, and QP2098Z were completed during April and transferred to finished goods. Jobs AB3015Y and CX2016A have been delivered to customers.

Required:

Question 1) Calculate the total cost of goods manufactured (COGM) in April.

Question 2) Calculate the total cost of goods sold (COGS) in April.

Reference no: EM132710770

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