Solution-What is the cost of goods manufactured for the

What is the cost of goods manufactured for the month of July

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Reference no: EM132750796

Problem - There was one job in finished goods inventory at the beginning of July: Job 209

Direct materials $18,500

Direct labour cost 37,500

Direct labour hours 2,500

Cicero worked on five jobs in July. Data are as follows:

	Job 210	Job 211	Job 212	Job 213	Job 214
Balance, July 1	$32,780	$51,770	$29,600	$0	$0
Direct materials	25,500	39,800	24,450	13,600	18,420
Direct labour cost	60,000	28,500	41,500	23,000	21,300
Direct labour hours	4,000	1,900	2,700	1,500	1,400

By July 31, Jobs 210, 211, 212 were completed. Jobs 209, 210 and 212 were sold.

Required -

a. Calculate the plantwide overhead rate for Cicero Company.

b. Calculate the total cost of the following jobs: 210, 211, 212, 213 and 214.

c. What is the cost of goods manufactured for the month of July?

d. What is the Cost of goods sold for the month of July?

Reference no: EM132750796

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What is the cost of goods manufactured for the month of July

Reference no: EM132750796

Reference no: EM132750796

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