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Shen Company reports the costs incurred below for the month ended May 31 . The company has
no beginning Work in Process Inventory. Overhead is applied using a predetermined overhead
rate of 120% of direct materials costs. Job 4 was completed and Job 5 is still in process at month-
end. Prepare a schedule of cost of goods manufactured for the month.

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Shen Company reports the costs incurred below for the month ended May.docx

  • 1. Shen Company reports the costs incurred below for the month ended May 31 . The company has no beginning Work in Process Inventory. Overhead is applied using a predetermined overhead rate of 120% of direct materials costs. Job 4 was completed and Job 5 is still in process at month- end. Prepare a schedule of cost of goods manufactured for the month.