Mauffray Inc

question 1

Essay

Mauffray 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 February the company completed job M73U 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 M73U shows the following costs: During the month,the actual manufacturing overhead cost incurred was $358,200 and 19,000 completed units from job M73U 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 February.Show your work!

---

Definitions:

Office Manager

An individual responsible for ensuring the smooth operation of an office, including managing administrative staff and processes.

Professional Race-Car Driver

An individual who competes in auto racing events professionally and as a career, often under contract with racing teams or sponsors.

Actual Authority

The explicit power given to an agent or representative by a principal, allowing them to make decisions and act on the principal's behalf.

Apparent Authority

Apparent authority refers to a situation where a person appears to have the authority to act on behalf of another (such as an employer) even if no actual authority has been granted, leading others to reasonably believe in that authority.