Managerial Accounting: P4-24 Refer to the data for Techuxia Corporation in Problem 4-23

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Managerial Accounting
P4-24 Indirect Method of Determining Cost of Goods Sold
Refer to the data for Techuxia Corporation in Problem 4-23.

Using the indirect method, what is the cost of goods sold for October? (Round your intermediate calculations to two decimal places.)

Techuxia Corporation worked on four jobs during October: Job A256, Job A257, Job A258, and Job A260. At the end of October, the job cost sheets for these jobs contained the following data:
Job A256 Job A257 Job A258 Job A260
Beginning Balance 1,200 500 - -
Costs added to jobs during October:
Direct Materials 2,600 3,500 1,400 3,500
Direct Labor 800 1,000 600 400
Manufacturing overhead applied 1,200 1,500 900 600

Units completed 100 - 200 -
Units in process at the end of October - 400 - 500
Units sold during October 80 - 40 -

Jobs A256 and A258 were completed in October. The other 2 jobs had not yet been completed by the end of October. There was no finished goods inventory on October 1. In October, overhead applied was $800. The company adjusts its cost of goods sold every month for the amount of the underapplied or overapplied overhead.
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