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Barefoot Running Company's work in process inventory on June 1 has a balance of $22,600 representing Job No. 265. During June, $51,000 of direct materials
Barefoot Running Company's work in process inventory on June 1 has a balance of $22,600 representing Job No. 265. During June, $51,000 of direct materials were requisitioned for Job No. 265 and $35,500 of direct labor cost was incurred on Job No. 265. Manufacturing overhead is allocated at 130% of direct labor cost. Actual manufacturing overhead costs incurred in June amounted to $41,600. No new jobs were started during June. Job No. 265 is completed on June 28.
What is the total cost assigned to Job No. 265?
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