# Calculate Historical Cost Of Material Purchased In Last Month

Question

Flower City Cartridges (FCC) manufactures replacement cartridges for desktop printers. FCC uses standard costs within a job order cost system. In June, FCC purchased 18 gallons of blue ink for \$385.20 and produced the following four different cartridge jobs using the blue ink (and other inks, materials, and direct labor):

Jobs                                                Blue Ink, Gallons Used

 CJ120 HP9X2 CN417 XRX776 4.2 3.9 3.8 4.4

All four jobs have a blue ink materials standard that calls for four gallons of blue ink per job. Blue ink has a standard cost of \$20 per gallon. These were the only jobs calling for blue ink in June. There was no beginning blue ink inventory on June 1.

Required:

Prepare a table that indicates the financial disposition of the historical cost of the blue ink purchased in June. (That is, account for the \$385.20 blue ink purchase).

Summary

The question belongs to Accounting and it discusses about calculating historical cost of material purchased in the last month.

Total Word Count 142

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