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Rathburn, Inc. is a service firm that uses process costing. The firm worked on a total of 1,600 cases this month, 1,200 of which were
Rathburn, Inc. is a service firm that uses process costing. The firm worked on a total of 1,600 cases this month, 1,200 of which were completed during the period. The remaining cases were 20% complete. The firm incurred $314,200 in direct labor and manufacturing overhead costs during the period, and had $5,800 in direct labor and manufacturing costs in beginning inventory. Using the weighted average method, what was the total cost of cases still in process at the end of the period?
$207,200 $300,000 $20,000 $20,720Step by Step Solution
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