(Cost flows) Brooke Landscapes began operations on May 1, 2006. Its Work in Process Inventory account on May 31 appeared as follows:

The company applies overhead on the basis of direct labor cost. Only one job was still in process on May 31- That job had $132,600 in diiect material and $93,600 in direct labor cost assigned to it.

a. What was the predetermined overhead application rate?

b. What was the balance in Work in Process Inventory at the end of May?

c. What was the total cost of jobs completed in May?LO1.

Transcribed Image Text:

Direct material Direct labor Applied overhead Work in Process Inventory 554,400 Cost of completed jobs. 384,000 422,400 ??