Question

Sassafras had neither beginning nor ending​ work-in-process inventory. What was the cost of jobs completed and transferred to finished goods in April 2021?

Answer 1

To determine the cost of jobs completed and transferred to finished goods, calculate the total amount spent on direct materials, direct labor, and manufacturing overhead in April 2021.

Step-by-step explanation:

The cost of jobs completed and transferred to finished goods in April 2021 can be determined by looking at the total amount spent on direct materials, direct labor, and manufacturing overhead during that period.

1. Calculate the total amount spent on direct materials by adding up the cost of materials used in production.
2. Calculate the total amount spent on direct labor by summing up the wages paid to employees who directly worked on the production of goods.
3. Calculate the total amount spent on manufacturing overhead by adding up all other costs associated with production, such as utilities and rent for the manufacturing facility.
4. Add the amounts calculated in steps 1, 2, and 3 to get the total cost of jobs completed and transferred to finished goods in April 2021.