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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.
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 he 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 Direct materials used Direct labor used $ 12,200 $ 16,200 $ 20,200 $ 10,200 Job 3 $5,200 $ 8,200 Determine the total dollar amount of Finished Goods Inventory at the end of March. Multiple Choice $56,240 $44,920 $36.120 $91,040 < Prev 27 of 76 Next > 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 ha 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 Direct materials used $ 12,200 Direct labor used $ 20,200 Job 2 $ 16,200 $ 10,200 Job 3 $5,200 $ 8,200 Determine the total dollar amount of Finished Goods Inventory at the end of March. Multiple Choice $56,240 $44,920 $36.120 $91,040
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