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Vaughan Company uses a Job Order Cost system to account for its production. An examination...

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Accounting

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Vaughan Company uses a Job Order Cost system to account for its production. An examination of its ledger accounts at the end of the year show the following: (note: FOH is applied based on DL$) Raw Materials Iny bb 20 160 WIP Inventory bb 10 ? DM ? DL 170 FOH 85 90 10 Wages Payable 190 ? FG Inventory bb o 270 320 50 FOH CGS bb 0 85 bb 0 ? 90 5 1. The amount of indirect material used this year is (do not use a dollar sign, only numbers!) 2. The Cost of Goods Manufactured this year is . (do not use a dollar sign, only numbers!) 3. Sales this year were $400 and Selling & Administrative expenses were $70. Vaughan Company's net income is (do not use a dollar sign, only numbers! 4. During the year Job #24 was started and completed. The direct materials used for this job were $30 and the direct labor used was $40. The job order cost sheet for this job will show a total cost of (do not use a dollar sign, only numbers

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