A company that uses job order costing reports the following information. Overhead is applied at the rate of 60% of direct materials. The company has no beginning Work in Process or Finished Goods inventories. Jobs 1 and 3 are not finished by the end of March, and Job 2 is finished but not sold by the end of March Job 1 Job 3 $ 6,400 $ 13,400 $ 21,400 $ 9,400 Determine the total dollar amount of Work in Process Inventory at the end of March. Direct materials used Direct labor used Multiple Choice $62,480. $49,240. $37,200. Job 2 $ 17,400 $ 11,400 4

A company that uses job order costing reports the following information. Overhead is applied at the rate of 60% of direct materials. The company has no beginning Work in Process or Finished Goods inventories. Jobs 1 and 3 are not finished by the end of March, and Job 2 is finished but not sold by the end of March Job 1 Job 3 $ 6,400 $ 13,400 $ 21,400 $ 9,400 Determine the total dollar amount of Work in Process Inventory at the end of March. Direct materials used Direct labor used Multiple Choice $62,480. $49,240. $37,200. Job 2 $ 17,400 $ 11,400 4

Name: A company that uses job order costing reports the following informati
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Description: A company that uses job order costing reports the following information. Overhead is applied at the rate of 60% of direct materials. The company has nobeginning Work in Process or Finished Goods inventories. Jobs 1 and 3 are not finished by the end

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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