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21 Feb 2020
Which of the following is classified as a direct labor cost?
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Wages of assembly line workers
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Wages of factory supervisor
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1. Yes, 2. No
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1. Yes, 2. Yes
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1. No, 2. Yes
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1. No, 2. No.
Which of the following is classified as a direct labor cost?
-
Wages of assembly line workers
-
Wages of factory supervisor
-
1. Yes, 2. No
-
1. Yes, 2. Yes
-
1. No, 2. Yes
-
1. No, 2. No.
papayaprofessorLv10
5 Sep 2022
Jamar FerryLv2
21 Feb 2020
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a) | No | Yes |
b) | Yes | No |
c) | Yes | Yes |
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CHP 5 17) Balance of Work in Process and Finished Goods, Cost ofGoods Sold
Derry Company uses job-order costing. At the end of the month,the following information was gathered:
| Job # | Total Cost | Complete? | Sold? | |
| 301 | $1,580 | Yes | No | |
| 302 | 1,170 | Yes | Yes | |
| 303 | 730 | No | No | |
| 304 | 2,470 | Yes | No | |
| 305 | 4,070 | Yes | No | |
| 306 | 350 | No | No | |
| 307 | 700 | Yes | Yes | |
| 308 | 520 | No | No | |
| 309 | 1,130 | No | No | |
| 310 | 440 | No | No | |
The beginning balance of Finished Goods was $560, consisting ofJob 300 which was not sold by the end of the month.
Required:
1. Calculate the balance in Work in Process atthe end of the month.
$
2. Calculate the balance in Finished Goods atthe end of the month.
$
3. Calculate Cost of Goods Sold for themonth.
