4-93
111. Schuppert Inc. uses a job-order costing system in which any underapplied or overapplied
overhead for the period is closed out to cost of goods sold. In May, the company completed job
K44C that consisted of 19,000 units of one of the company’s standard products. No other jobs
were in process during the month. The job cost sheet for job K44C shows the following costs:
During the month, the actual manufacturing overhead cost incurred was $257,070 and 4,000
completed units from job K44C were sold. No other products were sold.
Required:
Determine the cost of goods sold that would appear on the income statement for May. Show your
work!
4-94
112. Warden 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’s cost of
goods manufactured for March was $152,000 and its beginning and ending inventories were:
During the month, the manufacturing overhead cost incurred was $59,000 and the manufacturing
overhead cost applied was $63,000.
Required:
Determine the cost of goods sold that would appear on the income statement for March; in other
words, determine the cost of goods sold after adjustment for any underapplied or overapplied
overhead. Show your work!
113. Eggins 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 Q30I that consisted of 23,000 units of one of the company’s standard products. No other jobs
were in process during the month. The job cost sheet for job Q30I shows that the job’s total cost
was $1,292,600. During the month, the actual manufacturing overhead cost incurred was
$352,820 and the manufacturing overhead cost applied was $379,500. And during the month,
17,000 completed units from job Q30I were sold. No other products were sold during the month.
Required:
Determine the unadjusted cost of goods sold (in other words, the cost of goods sold BEFORE
adjustment for any underapplied or overapplied overhead) for May. Show your work!
114. Huse 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 June, the company completed
job J38C that consisted of 21,000 units of one of the company’s standard products. No other jobs
were in process during the month. The job cost sheet for job J38C shows the following costs:
During the month, the actual manufacturing overhead cost incurred was $229,110 and 16,000
completed units from job J38C were sold. No other products were sold during the month.
Required:
Determine the unadjusted cost of goods sold (in other words, the cost of goods sold BEFORE
adjustment for any underapplied or overapplied overhead) for June. Show your work!
115. Kaushiva 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 September, the company
completed job I91W that consisted of 12,000 units of one of the company’s standard products. No
other jobs were in process during the month. The job cost sheet for job I91W shows that the job’s
total cost was $649,200. During the month, 7,000 completed units from job I91W were sold. No
other products were sold during the month.
Required:
Determine the unadjusted cost of goods sold (in other words, the cost of goods sold BEFORE
adjustment for any underapplied or overapplied overhead) for September. Show your work!
116. Shatrau Inc., which uses job-order costing, has provided the following data for December:
Required:
Determine the unadjusted cost of goods sold (in other words, the cost of goods sold before
adjusting for any underapplied or overapplied overhead) for December. Show your work!
117. Kinstle Inc. uses job-order costing. In September, the company charged the following
costs to jobs: direct materials, $39,000; direct labor, $56,000; and manufacturing overhead cost
applied, $76,000. The beginning work in process inventory was $12,000 and the ending work in
process inventory was $16,000.
Required:
Determine the cost of goods manufactured for September. Show your work!
118. Hirschman Corporation has provided the following data for the month of April:
Required:
Prepare a Schedule of Cost of Goods Manufactured and a Schedule of Cost of Goods Sold in
good form.
119. Collman Inc., which uses job-order costing, has provided the following data for July:
Required:
Determine the unadjusted cost of goods sold (in other words, the cost of goods sold before
adjusting for any underapplied or overapplied overhead) for July. Show your work!
120. Claycamp Inc. uses a job-order costing in which any underapplied or overapplied
overhead is closed out to cost of goods sold at the end of the month. The company’s cost of
goods manufactured for July was $147,000; its beginning finished goods inventory was $43,000;
its ending finished goods inventory was $31,000; its manufacturing overhead was underapplied
by $5,000.
Required:
Determine the cost of goods sold that would appear on the income statement for July; in other
words, determine the cost of goods sold after adjustment for any underapplied or overapplied
overhead. Show your work!
121. Gergen Inc., which uses job-order costing, has provided the following data for November:
Required:
Determine the cost of goods manufactured for November. Show your work!