Given the following problem: Kuvomi Corporation worked on four jobs during Octob

Question

Given the following problem:

Kuvomi Corporation worked on four jobs during October: Job F346, Job F347, Job F348, and Job F349. At the end of October, the job cost sheets for these jobs contained the following data: Job F346 Job F347 Job F348 Job F349   Beginning balance $ 1,050 $ 670 $ 0 $ 0   Charged to the jobs during October:           Direct materials $ 2,780 $ 3,900 $ 1,550 $ 3,660           Direct labor $ 1,210 $ 970 $ 680 $ 420           Manufacturing overhead applied $ 1,692 $ 1,740 $ 1,982 $ 480   Units completed 204 0 117 0   Units in process at the end of October 0 310 0 263   Units sold during October 154 0 50 0 Jobs F346 and F348 were completed during October. The other two jobs had not yet been completed at the end of October. There was no finished goods inventory on October 1. In October, overhead was underapplied by $1,260. The company adjusts its cost of goods sold every month for the amount of the underapplied or overapplied overhead.


I came up with 7349, which the system rejects. What have I done incorrectly? Below is my excel work.






bb 1050 0

DM 2780 1550 DL 1210 680 MOHA 1692 1982 Units completed 204 117 wip 0 0 sold 154 50 total job charges 5682 4212 product cost 27.85294 36 unadjusted cogs 4289.353 1800 6089.353 plus 1260 1260

Thanks! 7349.353 Given the following problem:

Kuvomi Corporation worked on four jobs during October: Job F346, Job F347, Job F348, and Job F349. At the end of October, the job cost sheets for these jobs contained the following data: Job F346 Job F347 Job F348 Job F349   Beginning balance $ 1,050 $ 670 $ 0 $ 0   Charged to the jobs during October:           Direct materials $ 2,780 $ 3,900 $ 1,550 $ 3,660           Direct labor $ 1,210 $ 970 $ 680 $ 420           Manufacturing overhead applied $ 1,692 $ 1,740 $ 1,982 $ 480   Units completed 204 0 117 0   Units in process at the end of October 0 310 0 263   Units sold during October 154 0 50 0 Jobs F346 and F348 were completed during October. The other two jobs had not yet been completed at the end of October. There was no finished goods inventory on October 1. In October, overhead was underapplied by $1,260. The company adjusts its cost of goods sold every month for the amount of the underapplied or overapplied overhead.


I came up with 7349, which the system rejects. What have I done incorrectly? Below is my excel work.






bb 1050 0

DM 2780 1550 DL 1210 680 MOHA 1692 1982 Units completed 204 117 wip 0 0 sold 154 50 total job charges 5682 4212 product cost 27.85294 36 unadjusted cogs 4289.353 1800 6089.353 plus 1260 1260

Thanks! 7349.353

Explanation / Answer

plz refer

http://www.chegg.com/homework-help/direct-method-determining-cost-goods-soldkuvomi-corporation-chapter-5-problem-19p-solution-9780073527130-exc

rate if it helps

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