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Johnson Company applies overhead to products using direct Labor hours as the activity level. During...

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Accounting

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Johnson Company applies overhead to products using direct Labor hours as the activity level. During 2019, Johnson Company had the following estimated costs: Production supervisor's salary . ..50,000 The following additional information is available: 1. 30% of the depreciation relates to equipment in the administrative offices while 70% of the depreciation relates to equipment in the factory. 2. Direct laborers are paid $17 per hour. During 2019, Johnson Company began work on three jobs. Information relating to these three jobs appears below: Ob #359 ob #36 $75,000 6,000 $91,000 4,700 5,800 By the end of 2019, job #360 and job #361 had been completed. Job #359 was not completed by the end of 2019. Additionally, by the end of 2019, job #360 had been sold while job #361 was not sold. Johnson Company had total actual overhead cost of $193,000 during 2019. Calculate the cost of goods sold reported by Johnson Company for 2019 after the overhead variance has been closed

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