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Job Costs
At the end of August, Ellis Company had completed Jobs 40 and 42. Job 40 is for 200 units, and Job 42 is for 1,000 units.
The following data relate to these two jobs:
Question a. Determine the balance on the job cost sheets for Jobs 40 and 42 at the end of August.
Job 40$
Job 42$
Question b. Determine the cost per unit for Jobs 40 and 42 at the end of August. If required, round your answers to the nearest cent.
a. The job cost sheet summarizes the direct materials, direct labor and factory overhead assigned to the job.
b. The total cost for each job should be assigned to the units completed for each job.
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