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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
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 $ 10,200 $ 14,200 $3,200 Direct labor used $18,200 $ 8,200 $6,200 Determine the total dollar amount of Finished Goods Inventory at the end of March. O $37,720. O $76,640. $7.720. O $30,920 $45,840
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