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Swifty Company manufactures custom-order furniture During 2020, actual manufacturing overhead totaled $721000. Based on the 2020 results, and projected production for 2021, management prepared the
Swifty Company manufactures custom-order furniture During 2020, actual manufacturing overhead totaled $721000. Based on the 2020 results, and projected production for 2021, management prepared the 2021 budget and estimated that manufacturing overhead would total $1033200. The estimated number of direct labor hours for 2021 is 49200, and the estimated amount of direct labor cost is $1070000. The company plans to use direct labor hours as the basis to allocate overhead to jobs. During May and June 2021, employees worked on the following four jobs Job X43 Job X87 Job 222 Job A33 Monthly data May Direct materials Direct labor cost Direct labor hours Dune Direct materials Direct labor cost Direct labor hours $87000 $100100 15130 $72800 $91100 4540 $44000 $78100 3800 $38200 $52500 2600 $23800 $28800 1400 $41400 $50000 2500 $04600 562400 3100 $24900 $32800 1630 All jobs were started in May Jobs X87 and A33 were completed and delivered to customers during June. What is the balance of the Work in Process Inventory account on June 302 O $376830 $458800 O $740830 S282030
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