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Minstrel Manufacturing uses a job order costing system. During the month, Minstrel purchased $198,000 of raw materials on credit: issued materials to production of $195,000

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Minstrel Manufacturing uses a job order costing system. During the month, Minstrel purchased $198,000 of raw materials on credit: issued materials to production of $195,000 of which $30,000 were Indirect. Minstrel incurred a factory payroll of $150,000, of which $40,000 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 $15,500 and $27.000 respectively, Compute the cost of Jobs transferred to Finished Goods Inventory

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