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Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $228,000 of raw materials on credit; issued materials to production of $220,000
Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $228,000 of raw materials on credit; issued materials to production of $220,000 of which $37,500 were indirect. Minstrel incurred a factory payroll of $165,000, of which $47,500 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 $18,000 and $32,000 respectively. Compute the cost of jobs transferred to Finished Goods Inventory. Multiple Choice $467,500. O $631,000. O O O $497,500. O $462,250. $465,500 O
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