Westgaard Inc

question 71

Essay

Westgaard 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 March the company completed job G87M that consisted of 22, 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 G87M shows that the job's total cost was $1, 179, 200.During the month, the actual manufacturing overhead cost incurred was $323, 840 and the manufacturing overhead cost applied was $347, 600.And during the month, 4, 000 completed units from job G87M 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 March.Show your work!

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Definitions:

Fair Trial

A legal principle ensuring an impartial hearing, including the right to be heard, the right to have a competent judge, and the right to a decision based on evidence.

Original Location

The initial or first place where something was situated or where an event occurred.

State Court Systems

The courts within a specific state that handle legal disputes and matters according to that state's laws, as opposed to federal courts.

General Jurisdiction

The authority of a court to hear cases of all types, including both civil and criminal matters, without limitation to a specific subject matter.