Question
Jasmine Corporation uses a job-order costing system and applies overhead on the basis of direct labor cost. At the end of October, Jasmine had one
Jasmine Corporation uses a job-order costing system and applies overhead on the basis of direct labor cost. At the end of October, Jasmine had one job still in process. The job cost sheet for this job contained the following information:
Direct materials | $720 |
Direct labor | $300 |
Manufacturing overhead applied | $1,200 |
Additional Direct Labor Cost needed to complete the job | $200.00 |
An additional $200 of labor was needed in November to complete this job. For this job, how much should Jasmine have transferred to finished goods inventory in November when it was completed?
Group of answer choices
$2,320
$2,000
$2,220
$3,220
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