Question
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. Direct materials used Direct labor used Job 1 $ 11,400 $ 15,400 $ 19,400 $9,400 Job 2 Job 3 $ 4,400 $7,400 Determine the total dollar amount of Finished Goods Inventory at the end of March. Multiple Choice $52,080 $42.040
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