Paskey Inc

question 53

Multiple Choice

Paskey 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 July the company completed job C77T 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 C77T shows that the job's total cost was $771,600. During the month, 10,000 completed units from job C77T were sold. No other products were sold during the month. The unadjusted cost of goods sold (in other words, the cost of goods sold BEFORE adjustment for any underapplied or overapplied overhead) for July is closest to:

• A)$771,600
• B)$643,000
• C)$643,900
• D)$734,400

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Definitions:

Psychological Disturbance

A state of emotional, mental, or behavioral distress that disrupts an individual's daily functioning.

Inattentive Features

Characteristics related to a lack of attention or focus, often seen in conditions like ADHD.

Diagnosed

The identification of the nature of an illness or other problem by examination of the symptoms.

Impulsive Behavior

Actions performed without forethought or consideration of the consequences, often linked to a lack of self-control.