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Hv7ku Company uses a job-order costing system and applies overhead costs to jobs using a pre-determined ove rhead rate of $6.20 per direct labor hour.
Hv7ku Company uses a job-order costing system and applies overhead costs to jobs using a pre-determined ove rhead rate of $6.20 per direct labor hour. Hv7ku Compan y began work on four jobs during June. Information relate d to the four jobs appears below: Job B-7a $3,700 $2,875 Job F-8n direct materials used .... $1,931 direct labor cost $4,255 direct labor hours used ....... 370 hours units in the job 800 units 250 hours 500 units Job 3-99 $4,363 $4,715 Job Y-6c direct materials used $2,424 direct labor cost $3,220 direct labor hours used 280 hours units in the job 600 units 410 hours 700 units By the end of June, Jobs B-7a, J-99, and Y-6c wer e completed while Job F-8n was not completed. During June, Hv 7 ku Company sold all of the units from Job B-7a and sold 460 of the units from Job J-99. None of the units from Job Y-6c we re sold during June. Assume Hv7ku Company had no inventories of any type at June 1. Calculate Hv7ku Company's finished goods inventor y balance at June 30
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