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Welly Enterprises uses job order costing system and provides you the following data for the current period: (2 marks) Direct materials issued to production:
Welly Enterprises uses job order costing system and provides you the following data for the current period: (2 marks) Direct materials issued to production: N$180 000 Indirect materials issued to production: N$16 000 Direct labor cost: N$214 000 Manufacturing overhead cost - applied: N$226 000 Manufacturing overhead cost- actual: N$250 000 There was no beginning and ending work in process and finished goods inventory. The company uses a predetermined overhead rate to apply manufacturing overhead to work in process (WIP) inventory. Based on the above information, what is the cost of goods manufactured of Welly Enterprises? O a. N$644 000 O b. N$620 000 O c. N$604 000 O d. N$660 000
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