Question

In the Monroe Company, the following Job cards were totaled at the end of the month: Job 243 $5,750 Job 244 $4,980 Job 245 $3,675 Job 246 $4,250 Job 247 $5,100 Job 248 $3,800 Jobs 243 and 244 were in Finished Goods Inventory at the beginning of the month. Jobs 245 and 246 were in Work-in-process at the beginning of the month. Jobs 247 and 248 were started during the month. At the end of the month, Jobs 243 and 247 were sent to customers; jobs 245, 247, and 248 were completed and sent to finished goods. What is the cost of goods manufactured for the month

Answer 1

$10,850

Step-by-step explanation:

Calculation for the cost of goods manufactured for the month

Based on the information given we were told that At the end of the month both Jobs 243 and 247 were sent to customers which means that the cost of goods manufactured for the month will be calculated as :

Cost of Job 243 $5,750

Cost of Job 247 $5,100

Cost of goods sold for the month $10,850

($5,750+5,100)

Therefore the the cost of goods manufactured for the month will be $10,850