Jenkins Company had the following information for the year: Direct materials used Direct labor incurred (9,100 hours) Actual manufacturing overhead incurred Beginning Work in Process Inventory Ending Work in Process Inventory Beginning Finished Goods Inventory Ending Finished Goods Inventory $ 295,100 249,800 347,600 Multiple Choice 0 0 0 19,500 Jenkins Company used a predetermined overhead rate based on estimated overhead of $391,000 and 8,500 estimated direct labor hours. What was the cost of goods manufactured?

Principles of Accounting Volume 2
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ISBN:9781947172609
Author:OpenStax
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Chapter4: Job Order Costing
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Problem 11EB: A company has the following information relating to its production costs: Compute the actual and...
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Jenkins Company had the following information for the year:
Direct materials used
Direct labor incurred (9,100 hours)
Actual manufacturing overhead incurred
Beginning Work in Process Inventory
Ending Work in Process Inventory
Beginning Finished Goods Inventory
Ending Finished Goods Inventory
$ 295,100
249,800
347,600
Multiple Choice
0
0
0
19,500
Jenkins Company used a predetermined overhead rate based on estimated overhead of $391,000 and 8,500 estimated direct labor hours. What was the
cost of goods manufactured?
Transcribed Image Text:k Jenkins Company had the following information for the year: Direct materials used Direct labor incurred (9,100 hours) Actual manufacturing overhead incurred Beginning Work in Process Inventory Ending Work in Process Inventory Beginning Finished Goods Inventory Ending Finished Goods Inventory $ 295,100 249,800 347,600 Multiple Choice 0 0 0 19,500 Jenkins Company used a predetermined overhead rate based on estimated overhead of $391,000 and 8,500 estimated direct labor hours. What was the cost of goods manufactured?
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