Question 6 Stutz Inc. designs and builds basketball gymnasiums. Each gymnasium is customized to suit individual customers' specifications. Stutz uses job-order costing to keep track of its costs. In February, it worked on three jobs. Data for these jobs are as follows: Balance 2/1 Direct materials Direct labor cost Machine hours $212,390 O $23,600 Job 175 O SO $13,790 O $16,100 16,200 Calculate the balance in Work in Process on February 28. 23,300 400 hrs. Job 178 SO 8,500 7,600 300 hrs. Job 179 SO Overhead is applied to jobs at the rate of $25 per machine hour. By February 28, Job 178 is the only one unfinished. The balance of Finished Goods on February I is $94,000 (consisting of Job 177). Jobs 177 and 179 are sold during February. Stutz sells its product at cost plus 40%. 30,500 45,000 1 pts 2,000 hrs.

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