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Billy Baroo Company uses a job order cost system. The following information was found in the Work-in-Process account for the month of July. Date Description

Billy Baroo Company uses a job order cost system. The following information was found in the Work-in-Process account for the month of July.

Date Description Amount [DR. or (CR.)]
July 1 Balance $12,000
July 31 Direct labor 38,000
July 31 Direct materials 52,000
July 31 Factory overhead 30,400
July 31 Transfer to finished goods (80,000 )

Billy Baroo applies overhead to production at a predetermined rate of 80% based on the direct labor cost. Job #23, the only job still in process at the end of July, has been charged with direct labor of $12,000. Direct material charged to Job #23 was:

Multiple Choice

  • $40,400.

  • $30,800.

  • $52,400.

  • $22,560.

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