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Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $199,200 of raw materials on credit; issued materials to production of $196,000
Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $199,200 of raw materials on credit; issued materials to production of $196,000 of which $30,300 were indirect. Minstrel incurred a factory payroll of $150,600, of which $40,300 was indirect labor. Minstrel uses a predetermined overhead application rate of 150% of direct labor cost. Minstrel's beginning and ending Work in Process Inventory are $15,600 and $27,200 respectively. Compute the cost of product transferred to Finished Goods Inventory: Multiple Choice $561,400. $442,300. $415,100. $429,850. $417,100
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