Leija Manufacturing Company uses a job-order costing system and started the mont

Question

Leija Manufacturing Company uses a job-order costing system and started the month of March with one job in process (Job #359). This job had $900 of cost assigned to it at this time. During March, Leija assigned production costs as follows to the jobs worked on during the month: Job #359 Job #360 Job #361 Total cost assigned to jobs during March $7,600 $10,900 $3,200 During March, Leija completed and sold Job #359. Job #360 was also completed but was not sold by month end. Job #361 was not completed by the end of March. What is Leija's cost of goods manufactured for March?

Explanation / Answer

Cost of goods manufactured for the month of March is as follows:

Particulars Amount($) Costs assgned are: Job 359              7,600 Job 360            10,900 Job 361              3,200 Total cost of goods manufactured            21,700

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