QUESTION 16 1 Fairfield, Inc. uses job order costing. The firm began the month with a $2,000 balance in Work-in-Process and an $8,000 balance in Finished Goods. During the month, Work-in-Process had the following events: Direct materials used in production $83,500 Direct labor used in production $190,500 Manufacturing overhead incurred $300,400 Manufacturing overhead allocated to production $297,900 Cost of jobs completed and transferred out $501,700 The balance in the Finished Goods account before any sales is: A. Debit balance of $8,000 OB. Debit balance of $571,900 OC. Debit balance of $509,700 D. Debit balance of $501,700 10 QUESTION 17 Over-allocated overhead occurs when: Click Save and Submit to save and submit. Click Save All Answers to save all answers Save All Answers