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A company that uses job order costing reports the following information. Overhead is applied at the rate of 60% of direct materials. The company has
A company that uses job order costing reports the following information. Overhead is applied at the rate of 60% of direct materials. The company has no beginning Work in Process or Finished Goods inventories. 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 $ 13,200 $ 17,200 $ 6,200
Direct labor used $ 21,200 $ 11,200 $ 9,200
Determine the total dollar amount of Work in Process Inventory at the end of March.
a.
$61,440
b.
$48,520
c.
$98,240
d.
$36,800
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