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The Johnson Manufacturing Company has the following job cost sheets on file. They represent jobs that have been worked on during March of the current year. This table summarizes information provided on each sheet: Number Total Cost Incurred Status of Job 444 $15,050 Finished and delivered 445 $22,400 Finished and delivered 446 $ 7,500 Finished and delivered 447 $ 4,300 Finished and delivered 448 $33,000 Finished and delivered 449 $62,000 Finished and delivered 450 $14,600 Unfinished 451 $22,200 Finished and delivered 252 $ 3,600 Unfinished 453 $1,000 Unfinished (a) What is the cost of goods sold for the month of March?
(b) What is the cost of the goods in process inventory on March 31?
(c) What is the cost of the finished goods inventory on March 31?
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The estimated variable manufacturing overhead was $7.17 per labor hour and the estimated total fixed manufacturing overhead was $584,320. The actual labor hours for the year turned out to be 33,300.
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