Final answer:
The cost of finished goods on hand from Job No. B14 is $84,000, calculated by multiplying the remaining 1,200 units by the unit cost of $70.
Step-by-step explanation:
To find the cost of the finished goods on hand from Job No. B14, we need to calculate the total cost per unit and then multiply by the number of units left in inventory.
The total job cost is calculated by summing up direct materials, direct labor, and manufacturing overhead applied. The sum of these costs for Job No. B14 is $110,000 + $60,000 + $40,000 = $210,000. Now, we divide this total cost by the number of units produced to find the unit cost: $210,000 / 3,000 units = $70 per unit.
To find the cost of finished goods on hand, we consider the unsold units. Since 1,800 units were sold, there are 3,000 units - 1,800 units = 1,200 units remaining in inventory. Therefore, the cost of the finished goods on hand is 1,200 units x $70 = $84,000.
The cost of finished goods on hand from Job No. B14 can be determined by calculating the manufacturing cost per unit and multiplying it by the number of units produced
The manufacturing cost per unit can be calculated by adding the direct materials, direct labor, and manufacturing overhead applied for the job and dividing it by the number of units produced.
In this case, the manufacturing cost per unit is ($110,000 + $60,000 + $40,000) / 3,000 = $70 per unit.
So, the cost of the finished goods on hand from this job is $70 x 1,800 units = $126,000.