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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 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 i Job 1 $12,000 Job 2 $16,000 Job 3 $5,000 $.20,000 $ 10,000 $8,000 Determine the total dollar amount of Finished Goods Inventory at the end of March. Multiple Choice $35,600 O.$44,200 ( $7,000 McAfee Security news was Emerging cyl techniques th online and m Steal your pur privacy infitrate private Exploit hardwar Accept
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