Question

Hill Company uses job-order costing. At the end of the month, the following data was gathered:Job #Total CostComplete?Sold?803$611yesyes804$423yesno805$805nono806$682yesyes807$525yesno808$250nono809$440yesyes810$773yesno811$267nono812$341nonoHill's selling price is cost plus 50% for each of its products. What is the selling price of Job 806

Answer 1

Answer:

$1,023

Explanation:

As for the provided information, we have:

Total cost associated with JOB 806 = $682

Is it completed = Yes

Are the product sold = Yes

Now, it is provided that the selling price of products = Cost + 50% of cost

Or simply Cost $\times$ 150% = Selling Price of goods

Therefore, selling price of this job = $682 $\times$ 150% = $1,023