Question

Yellow Manufacturing completed Job No. B14 during 2012. The job cost sheet listed the following: Direct...

Yellow Manufacturing completed Job No. B14 during 2012. The job cost sheet listed the following:

Direct materials                                           $44,000

Direct labor                                                 $24,000

Manufacturing overhead applied                $16,000

Units produced                                       3,000 units

Units sold                                               1,800 units

How much is the cost of the finished goods on hand from this job?

A

$84,000
B

$50,400
C

$33,600
D

$40,800
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Answer #1
C

$33,600
Cost of finished goods on hand = Units in hand * Cost per unit
= (3000-1800) * $    28.00
= $       33,600
Working:
Direct Materials $       44,000
Direct Labor $       24,000
Manufacturing overhead $       16,000
Total costs a $       84,000
Units produced b              3,000
Cost per unit a/b $         28.00
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