The Oxford Company uses a job order cost system and applies factory overhead to jobs on the basis of direct labor cost. During the month of July, the following activities took place in the work-in-process account:

At the end of July, only one job (Job \#15), was still in-process. This job has been charged with \(\$ 2,000\) of direct materials cost.
{Required:}
Determine the amount of direct labor cost incurred and overhead applied in the ending inventory of work-in-process on July 31.

Transcribed Image Text:

Beginning $15,000 Direct materials 10,000 Direct labor 30,000 Overhead applied 15,000 Work-in-Process To finished goods $50,000