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Stock Co. uses a job order costing system. The following debits (credits) appeared in Stock's work in process account for the month of April April
Stock Co. uses a job order costing system. The following debits (credits) appeared in Stock's work in process account for the month of April April Description Balance Direct materials Direct labor Factory overhead To finished goods 30 Amount 4.000 24.000 16.000 12,800 (48.000) Stock applies overhead to production at a predetermined rate of 80% of direct labor cost. Job No. 5, the only job still in process on April 30 has been charged with direct labor of $2,000. What was the amount of direct material charged to Job No. 5? (CPA adapted) O $3,000 $8,800. O $24,000 $5,200
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