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James manufacturing company uses Job order costing system, and applies Manufacturing Overhead at the rate of 50% of Direct Material Cost. Following are cost data
James manufacturing company uses Job order costing system, and applies Manufacturing Overhead at the rate of 50% of Direct Material Cost. Following are cost data for the month of July 2015 (for all jobs in July): Work-in-Process 1/6/2015 (beginning of the month): $850. Direct Material used during the month: $1,800. Direct Labor for the month: $1,300 Cost of jobs completed during the month: $4,100 One job remained in process at the end of the month (Job C11), which includes $150 of direct labor cost related to Job C11, Calculate the cost of direct material included in ending Work in Process (in Job C 11)
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