Use the following information given below: Job #1 Job #2 Job #3 Direct materials $ 6,250 $ 4,500 $ 8,000 Direct labor $10,000 $13,250 $16,000 Machine hours 250 200 300 They were no beginning inventory balances. The predetermined overhead rate is $20 per machine hour. All three jobs were started in April. Job #1 and Job #2 were completed in April. Job #1 was sold on April 26. Finished goods inventory on April 30 would be: a. $21,750. b. $51,750. c. $41,750. d. $17,750.

Use the following information given below: Job #1 Job #2 Job #3 Direct materials $ 6,250 $ 4,500 $ 8,000 Direct labor $10,000 $13,250 $16,000 Machine hours 250 200 300 They were no beginning inventory balances. The predetermined overhead rate is $20 per machine hour. All three jobs were started in April. Job #1 and Job #2 were completed in April. Job #1 was sold on April 26. Finished goods inventory on April 30 would be: a. $21,750. b. $51,750. c. $41,750. d. $17,750.

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter5: Product And Service Costing: Job-order System

Section: Chapter Questions

Problem 17E: During August, Skyler Company worked on three jobs. Data relating to these three jobs follow:...

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