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RRR Company uses job costing system. In April 2021, it completed all outstanding orders, and then, in May 2021, it worked on only three jobs,
RRR Company uses job costing system. In April 2021, it completed all outstanding orders, and then, in May 2021, it worked on only three jobs, R1, R2 and R3:
Job R3 | Job R2 | Job R1 |
|
64,000 | $63,000 | $78,000 | Direct materials |
247,000 | 208,000 | 273,000 | Direct labor |
Direct manufacturing labor is paid at the rate of $26 per hour. Manufacturing overhead costs are allocated at a budgeted rate of $18.5 per direct manufacturing labor-hour. Only Job R1 was completed in May.
What is the ending balance in the Work-in-Process Control account?
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