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DEF Inc. has commenced work on three jobs during its first year of operations. Costs incurred for each of these jobs are as follows: Direct
DEF Inc. has commenced work on three jobs during its first year of operations. Costs incurred for each of these jobs are as follows: Direct Materials Direct Labour Job 1 Job 2 Job 2 $150,000 $350,000 $200,000 $300,000 $250,000 $400,000 Overhead is applied to jobs at a rate of $0.90 per direct labour dollar spent. During the year, Job 1 was completed, while Job 2 was completed and sold. Job 3 is still process at the end of the year. DEF's Finished Goods Inventory at the end of the year was: Muluple Choice $250,000 $600,000 $620,000 $720,000
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