A company's overhead rate is 200% of direct labor cost. Using the following in accounts, determine the cost of direct materials used.

 

Work in Process Inventory Beginning WIP 68,000     Direct Materials ?     Direct Labor ?     Applied Overhead ?     To Finished Goods     ? Ending WIP 78,000     Factory Overhead 156,000 158,000 Finished Goods Inventory Beginning FG 58,000       283,000   288,000 Ending FG 53,000    

Multiple Choice

• $157,000.
• $56,000.
• $288,000.
• $283,000.
• $298,000.