ACCOUNTING
Multiple Choice
Gilley Incorporated reported the following information:
On January 31, 20x3:
Job #101 was the only job in process with accumulated costs of $3,000.
During February the following costs were added to production:
Job #101 $10,000
Job #102 $ 8,000
Job #103 $ 7,000
On February 28, 20x3:
Job #101 was completed and sold for $18,000.
Job #102 was completed but not sold.
Job #103 remains in production.
What is gross margin for February?
a. $5,000
b. $18,000
c. $8,000
d. $13,000
Click here for the SOLUTION
No comments:
Post a Comment