Chapter 3 Assignment Quiz 2:00:00 Casey Follmer: Attempt 1 estions x company has

Question

Chapter 3 Assignment Quiz 2:00:00 Casey Follmer: Attempt 1 estions x company has the following cost information for December related to Jobs #1, #2, #3 and #4 tions saved h Date Date Date Total Cost Product Costs Started Finished Sold Nov 30 added in December Nov 28 Nov 30 Dec 5 $20,000 Nov 28 Dec5 Dec 7 $15,000 $10,000 Dec 10 Dec 20 Jan 3 Dec 21 Jan 5 Jan 8 $50,000 $30,000 uiz Status abs Compute the cost of goods sold for December. Do not enter commas or dollar S Saved signs. For example enter $20,000 as 20000 0

Explanation / Answer

Job 1 and job 2 both are sold in december :

So cost of goods sold on december = 20000+15000+10000 = $45000

Cost of goods sold on december 31 = 45000

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