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On January 1, Jackson, Inc 's Work-in Process Inventory account showed a balance of $66,700. During the year, materials requisitioned for use in production amounted
On January 1, Jackson, Inc 's Work-in Process Inventory account showed a balance of $66,700. During the year, materials requisitioned for use in production amounted to $70,700, of which S67,600 represented direct materials. Factory wages for the period were $208,000 of which S186.200 were for direct labor Manufacturing overhead is allocated on the basis of 60% of direct labor cost Actual overhead was $116.160. Jobs costing $353 190 were completed during the year. The December 31 balance in Work- in - Process Inventory is OA. $79,030 O B. C. 5320.500 O D. $66,700 $432,220
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