Question

Manufacturing cost data for Tripod Company, which uses a job order cost system, are presented below:

Case A Case B

Direct Materials Used A. $206,000

Direct Labor $140,000 280,000

Manufacturing Overhead Applied 126,000 D.

Total Manufacturing Costs 480,000 E.

Work in Process, 1/1/07 B. 90,000

Total Cost of Work in Process 600,000 F.

Work in Process, 12/31/07 C. 80,000

Cost of Goods Manufactured 410,000 G.

Tripod Company applies overhead on the basis of direct labor cost. The rate is the same for both cases. Indicate the missing amount for each letter.