Question
under Wadsworth Corporation's job costing system, manufacturing overhead is applied to work in process using a predetermined annual overhead rate. During May, Year 1, Wadsworth's
under Wadsworth Corporation's job costing system, manufacturing overhead is applied to work in process using a predetermined annual overhead rate. During May, Year 1, Wadsworth's transactions included the following:
Direct materials issued to production
$190,000
Indirect materials issued to production
18,000
Manufacturing overhead incurred
290,000
Manufacturing overhead applied
225,000
Direct manufacturing labor costs
210,000
Wadsworth had neither beginning nor ending workinprocess inventory. What was the cost of jobs completed and transferred to finished goods in May 20X1?
1.
$ 625,000
2.
$ 690,000
3.
$ 607,000
4.
$ 708,000
Wadsworth had neither beginning nor ending workinprocess inventory. What was the cost of jobs completed and transferred to finished goods in May 20X1?
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