75. The cost of goods manufactured for May was:
Hauenstein Inc. uses a job-order costing system in which any underapplied or overapplied
overhead is closed to cost of goods sold at the end of the month. In May the company completed
job P93L that consisted of 26,000 units of one of the company’s standard products. No other jobs
were in process during the month. The job cost sheet for job P93L shows the following costs:
During the month, the actual manufacturing overhead cost incurred was $491,920 and 9,000
completed units from job P93L were sold. No other products were sold during the month.
76. The unadjusted cost of goods sold (in other words, the cost of goods sold BEFORE
adjustment for any underapplied or overapplied overhead) for May is closest to:
77. The cost of goods sold that would appear on the income statement for May, after
adjustment for any underapplied or overapplied overhead, is closest to:
Lindaman Inc. uses a job-order costing system in which any underapplied or overapplied
overhead is closed to cost of goods sold at the end of the month. In November the company
completed job J75C that consisted of 20,000 units of one of the company’s standard products. No
other jobs were in process during the month. The job cost sheet for job J75C shows the following
costs:
During the month, the actual manufacturing overhead cost incurred was $301,000 and 7,000
completed units from job J75C were sold. No other products were sold during the month.
78. The unit product cost for job J75C is closest to:
79. The unadjusted cost of goods sold (in other words, the cost of goods sold BEFORE
adjustment for any underapplied or overapplied overhead) for November is closest to:
80. The cost of goods sold that would appear on the income statement for November, after
adjustment for any underapplied or overapplied overhead, is closest to:
81. The unadjusted cost of goods sold (in other words, the cost of goods sold BEFORE
adjustment for any underapplied or overapplied overhead) for September is closest to:
4-67
82. The cost of goods sold that would appear on the income statement for September, after
adjustment for any underapplied or overapplied overhead, is closest to:
Arvizu Inc. uses a job-order costing system in which any underapplied or overapplied
overhead is closed out to cost of goods sold at the end of the month. The company has provided
the following data for February:
83. The cost of goods manufactured for February is closest to:
4-69
84. The cost of goods sold that appears on the income statement for February and that has
been adjusted for any underapplied or overapplied overhead is closest to:
Bocchicchio Inc. uses a job-order costing system in which any underapplied or overapplied
overhead is closed out to cost of goods sold at the end of the month. The company has provided
the following data for February:
85. The unadjusted cost of goods sold (in other words, cost of goods sold before adjusting
for any underapplied or overapplied overhead) for February is closest to:
86. The cost of goods sold that appears on the income statement for February and that has
been adjusted for any underapplied or overapplied overhead is closest to:
Entin Corporation reported the following data for the month of January:
87. The cost of goods manufactured for January is:
88. The cost of goods sold that is adjusted for underapplied or overapplied overhead and that
appears on the income statement for January is:
4-72
Vilchis Inc. uses a job-order costing system in which any underapplied or overapplied
overhead is closed out to cost of goods sold at the end of the month. The company has provided
the following data for July:
89. The cost of goods manufactured for July is closest to:
90. The unadjusted cost of goods sold (in other words, cost of goods sold before adjusting
for any underapplied or overapplied overhead) for July is closest to:
91. The cost of goods sold that appears on the income statement for July and that has been
adjusted for any underapplied or overapplied overhead is closest to:
Vanwagenen Inc. has provided the following data for the month of April:
92. The cost of goods manufactured for April is:
4-77
93. The cost of goods sold that is adjusted for underapplied or overapplied overhead and that
appears on the income statement for April is:
Klinetob Inc. uses a job-order costing system in which any underapplied or overapplied
overhead is closed out to cost of goods sold at the end of the month. The company has provided
the following data for August:
94. The cost of goods manufactured for August is closest to:
95. The cost of goods sold that appears on the income statement for August and that has
been adjusted for any underapplied or overapplied overhead is closest to:
Huneke Inc. uses a job-order costing system in which any underapplied or overapplied
overhead is closed out to cost of goods sold at the end of the month. During May, the cost of
goods manufactured was $142,000 and manufacturing overhead was underapplied by $1,000.
The beginning finished goods inventory was $27,000 and the ending finished goods inventory was
$42,000.
96. The unadjusted cost of goods sold (in other words, cost of goods sold before adjusting
for any underapplied or overapplied overhead) for May is closest to:
4-80
97. The cost of goods sold that appears on the income statement for May and that has been
adjusted for any underapplied or overapplied overhead is closest to:
Leija Manufacturing Company uses a job-order costing system and started the month of
March with one job in process (Job #359). This job had $500 of cost assigned to it at this time.
During March, Leija assigned production costs as follows to the jobs worked on during the
month:
During March, Leija completed and sold Job #359. Job #360 was also completed but was not sold
by month end. Job #361 was not completed by the end of March.