Minstrel Manufacturing uses a job order costing system. During the month, Minstrel purchased $207, 600 of raw materials on credit; issued materials to production of $203, 000 of which $32, 400 were indirect. Minstrel incurred a factory payroll of $154, 800, of which S 42, 400 was indirect labor. Minstrel uses a predetermined overhead application rate of 150% of direct labor cost. Minstrel's beginning and ending Work in Process Inventory are $16,300 and $28, 600 respectively. Compute the cost of jobs transferred to Finished Goods Inventory. Multiple Choice $581, 700. $458, 400. $429,800. $439,300. $431,800.

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Minstrel Manufacturing uses a job order costing system. During the month, Minstrel
purchased $207, 600 of raw materials on credit; issued materials to production of $203, 000
of which $32,400 were indirect. Minstrel incurred a factory payroll of $154, 800, of which S
42,400 was indirect labor. Minstrel uses a predetermined overhead application rate of 150%
of direct labor cost. Minstrel's beginning and ending Work in Process Inventory are $16, 300
and $28,600 respectively. Compute the cost of jobs transferred to Finished Goods Inventory.
Multiple Choice $581, 700. $458,400. $429,800. $439,300. $431,800.
Transcribed Image Text:Minstrel Manufacturing uses a job order costing system. During the month, Minstrel purchased $207, 600 of raw materials on credit; issued materials to production of $203, 000 of which $32,400 were indirect. Minstrel incurred a factory payroll of $154, 800, of which S 42,400 was indirect labor. Minstrel uses a predetermined overhead application rate of 150% of direct labor cost. Minstrel's beginning and ending Work in Process Inventory are $16, 300 and $28,600 respectively. Compute the cost of jobs transferred to Finished Goods Inventory. Multiple Choice $581, 700. $458,400. $429,800. $439,300. $431,800.
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