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 $454,900. $613,600. $454,150. О $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 $454,900. $613,600. $454,150. О $483,700. $452,900.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
sanju
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
$454,900.
$613,600.
$454,150.
О
$483,700.
$452,900.
AI-Generated Solution
AI-generated content may present inaccurate or offensive content that does not represent bartleby’s views.
Unlock instant AI solutions
Tap the button
to generate a solution
Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education