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Minstrel Manufacturing uses a job order costing system. During the month, Minstrel purchased $225,600 of raw materials on credit, issued materials to production of
Minstrel Manufacturing uses a job order costing system. During the month, Minstrel purchased $225,600 of raw materials on credit, issued materials to production of $218,000 of which $36,900 were indirect. Minstrel incurred a factory payroll of $163,800, of which $46,900 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 $17,800 and $31,600 respectively. Compute the cost of jobs transferred to Finished Goods Inventory. $625,200. $459,550. $463,300. $492,900. O $461,300.
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