Calculating the job-order costing system

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Reference no: EM131010975

The Lee Corporation uses a job-order costing system. The following data were recorded for June:

	June 1	Added During June
Job Number	Work in Process Inventory	Direct Materials	Direct Labor
235	$2,500	$600	$400
236	$1,500	$800	$1,000
237	$1,000	$1,200	$1,750
238	$800	$1,500	$2,250

Overhead is charged to production at 80% of direct materials cost. Jobs 235, 237, and 238 were completed during June and transferred to finished goods. Jobs 235 and 238 have been delivered to customers. Actual manufacturing overhead was equal to manufacturing overhead applied. There were no Work in Process or Finished Goods inventories at the beginning of June.

Lee Corporation's cost of goods sold for June was:

Reference no: EM131010975

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