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.

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.

Name: Minstrel Manufacturing uses a job order costing system. During the mo
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Description: Minstrel Manufacturing uses a job order costing system. During the month, Minstrelpurchased $207, 600 of raw materials on credit; issued materials to production of $203, 000of which $32,400 were indirect. Minstrel incurred a factory payroll of $154,

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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