Sweeten Company had no jobs in progress at the beginning of March and no beginni
ID: 2427967 • Letter: S
Question
Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during March—Job P and Job Q. Job P was completed and sold by the end of the March and Job Q was incomplete at the end of the March. The company uses a plantwide predetermined overhead rate based on direct labor-hours. The following additional information is available for the company as a whole and for Jobs P and Q (all data and questions relate to the month of March):
Assume the ending raw materials inventory is $2,800 and the company does not use any indirect materials. Prepare a schedule of cost of goods manufactured.
Please prepare the schedule in detail.
Sweeten Company had no jobs in progress at the beginning of March and no beginning inventories. It started only two jobs during March—Job P and Job Q. Job P was completed and sold by the end of the March and Job Q was incomplete at the end of the March. The company uses a plantwide predetermined overhead rate based on direct labor-hours. The following additional information is available for the company as a whole and for Jobs P and Q (all data and questions relate to the month of March):
Explanation / Answer
direct material cost 25300 Less:ending raw material -2800 22500 direct labor cost 62900 cost of goods manufactured 85400
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