Joy Inc. has started manufacturing 15,000 units of a product. Direct materials cost incurred was $235,000, direct labor cost incurred was $202,000, and applied factory overhead was $78,000. What is the amount of total conversion cost? Group of answer choices $515,000 $280,000 $437,000 $313,000

Joy Inc. has started manufacturing 15,000 units of a product. Direct materials cost incurred was $235,000, direct labor cost incurred was $202,000, and applied factory overhead was $78,000. What is the amount of total conversion cost? Group of answer choices $515,000 $280,000 $437,000 $313,000

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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Compute conversion costs given the following data: direct materials, $362, 300; direct labor, $ 208, 200; factory overhead, $188,400 and selling expenses, $39,400. a. $149,000 b. $ 396, 600 c. $550, 700 d. $758,900