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2.5pts A company that uses job order costing reports the following information for March. Overhead is applied at the rate of 60% of direct
2.5pts A company that uses job order costing reports the following information for March. Overhead is applied at the rate of 60% of direct materials cost. The company has no beginning Work in Process or Finished Goods inventories at March 1. Jobs 1 and 3 are not finished by the end of March, and Job 2 is finished but not sold by the end of March. Job 1 Job 2 Job 3 Direct materials used $ 11,000 $ 15,000 $ 4,000 Direct labor used $19,000 $9,000 $7,000 Determine the total dollar amount of Finished Goods Inventory at the end of March.
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