Solution-What is the cost of goods manufactured

What is the cost of goods manufactured

Reference no: EM133116739

Question - During July Litton Company worked on two jobs Data relating to these two jobs follows

	Job 98	Job 99
Unit in each order	120	200
Units sold	100	150
Materials requisitioned	37200	35200
DL hours	360	400
DL cost	14400	17500

Overhead is assigned on the jobs at rate of 30 per DLhr. Jobs 98 and 99 were completed and sold 20 percent gross profit rate.

Required -

1. What is the cost of goods manufactured?

2. What is the gross profit per unit of the product job 98?

Reference no: EM133116739

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What is the cost of goods manufactured

Reference no: EM133116739

Reference no: EM133116739

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