Morrow Corporation had only one job in process during May-Job X32Z-and had no finished goods...
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Morrow Corporation had only one job in process during May-Job X32Z-and had no finished goods inventory on May 1. Job X32Z was started in April and finished during May, Data concerning that job appear below: Beginning balance Charged to the job during May Direct materials Direct labor Job X32Z $ 25,000 $ 18,000 $ 6,000 $ 68,000 Manufacturing overhead applied Units completed Units in process at the end of may Units sold during May The company's total manufacturing overhead applied always equals its total actual manufacturing overhead. 1. Cost of goods sold 2. Ending finished goods inventory 3. Ending work in process inventory 300 0 140 Required: 1. What is the cost of goods sold for May? 2. What is the total value of the finished goods inventory at the end of May? 3. What is the total value of the work in process inventory at the end of May?
The compony/s fotal manufocturing overhed opplied always equals its total actual manulacturing overtved Required: 1. What is the cost of goods sold for May? 2. What is the total volue of the finished goods inventory at the end of May? 3. What is the total value of the work in process inventory at the end of Moy
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