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Minstrel Manufacturing uses a job order costing system. During the month, Minstrel purchased $216,000 of raw materials on credit; issued materials to production of
Minstrel Manufacturing uses a job order costing system. During the month, Minstrel purchased $216,000 of raw materials on credit; issued materials to production of $210,000 of which $34.500 were indirect. Minstrel incurred a factory payroll of $159,000, of which $44,500 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 $17,000 and $30,000 respectively. Compute the cost of jobs transferred to Finished Goods Inventory Multiple Choice $446,500 $444.500 $474,500 $602,000 < Prev 25 of 53 Next >
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