Minstrel Manufacturing uses a job order costing system. During the month, Minstrel purchased $220,800 of raw materials on credit; issued materials to production of $214,000 of which $35,700 were indirect. Minstrel incurred a factory payroll of $161,400, of which $45,700 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 $17,400 and $30,800 respectively. Compute the cost of jobs transferred to Finished Goods Inventory. Multiple Choice О $454,900. о $613,600. О $454,150. $483,700. $452,900.
Minstrel Manufacturing uses a job order costing system. During the month, Minstrel purchased $220,800 of raw materials on credit; issued materials to production of $214,000 of which $35,700 were indirect. Minstrel incurred a factory payroll of $161,400, of which $45,700 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 $17,400 and $30,800 respectively. Compute the cost of jobs transferred to Finished Goods Inventory. Multiple Choice О $454,900. о $613,600. О $454,150. $483,700. $452,900.
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter26: Manufacturing Accounting: The Job Order Cost System
Section: Chapter Questions
Problem 8SPB
Related questions
Question
Give me correct answer with explanation.s
![Minstrel Manufacturing uses a job order costing system. During the month, Minstrel purchased $220,800 of raw materials on credit; issued materials to
production of $214,000 of which $35,700 were indirect. Minstrel incurred a factory payroll of $161,400, of which $45,700 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 $17,400 and
$30,800 respectively. Compute the cost of jobs transferred to Finished Goods Inventory.
Multiple Choice
О
$454,900.
о
$613,600.
О
$454,150.
$483,700.
$452,900.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe9267081-cf19-41e4-87f3-258c519213a5%2F3096fa9f-32e5-47fc-b9d5-3d1a60f42096%2Fl8fs700o_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Minstrel Manufacturing uses a job order costing system. During the month, Minstrel purchased $220,800 of raw materials on credit; issued materials to
production of $214,000 of which $35,700 were indirect. Minstrel incurred a factory payroll of $161,400, of which $45,700 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 $17,400 and
$30,800 respectively. Compute the cost of jobs transferred to Finished Goods Inventory.
Multiple Choice
О
$454,900.
о
$613,600.
О
$454,150.
$483,700.
$452,900.
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