8,9

The Cost of Goods Manufactured for March was: $212,000. $218,000. $230,000. Use the following to answer questions 9-10: Job 101 was the only job in process at January 31. Hamilton Company uses job-order costing. Manufacturing overhead is applied using a predetermined rate of 150% of direct labor cost. Any over- or under applied manufacturing overhead is closed to the Cost of Goods Sold account at the end of each month. Additional information is available as follows: Job 101 was the only job in process at January 31. The job cost sheet for this job contained the following costs at the beginning of the month: Jobs 102, 103, and 104 were started during February. Direct materials requisitions for February totaled $26,000. Direct labor cost of $20,000 was incurred for February. Actual manufacturing overhead was $32,000 for February. The only job still in process at February 28 was Job 104, with costs of $2, 800 for direct materials and S1, 800 for direct labor. The cost of goods manufactured for February was $77, 700. $78,000. $79, 700. $85,000. CALCULATION: The Cost of Goods Manufactured for March was: $212,000. $218,000. $230,000. Use the following to answer questions 9-10: Job 101 was the only job in process at January 31. Hamilton Company uses job-order costing. Manufacturing overhead is applied using a predetermined rate of 150% of direct labor cost. Any over- or under applied manufacturing overhead is closed to the Cost of Goods Sold account at the end of each month. Additional information is available as follows: Job 101 was the only job in process at January 31. The job cost sheet for this job contained the following costs at the beginning of the month: Jobs 102, 103, and 104 were started during February. Direct materials requisitions for February totaled $26,000. Direct labor cost of $20,000 was incurred for February. Actual manufacturing overhead was $32,000 for February. The only job still in process at February 28 was Job 104, with costs of $2, 800 for direct materials and S1, 800 for direct labor. The cost of goods manufactured for February was $77, 700. $78,000. $79, 700. $85,000. CALCULATION