he icon to viwork in pro28003123130More infoAdditional data:1. Actual manufacturing overhead for January amounted to $66,100.2. Total direct labor cost for January was $64,000.3. The predetermined manufacturing overhead rate is based on direct labor cost.The budget for the year called for $248,000 of direct labor cost and $322,400 ofmanufacturing overhead costs.4. The only job unfinished on January 31 was Job No. 151, for which total directlabor charges were $5,600 (1,600 direct labor hours) and total direct materialcharges were $14,400.5. Cost of direct materials placed in production during January totaled $124,000.There were no indirect material requisitions during January.6. January 31 balance in raw materials inventory was $35,400.7. Finished goods inventory balance on January 31 was $35,200.PrintDone- X The following account balances at the beginning of January were selected from the general ledger of Fresh Bagel Manufacturing Company:KWork in process inventory$0Raw materials inventoryFinished goods inventory$28,800$40,200(Click the icon to view additional data.)What is the work in process inventory balance on January 31?OA. $27,280OB. $98,031OC. $69,231OD. $7280CO

The work in process comprises the cost of goods that are not finished yet. The overhead is applied…

Work in process inventory Raw materials inventory Finished goods inventory beginning of January were selected from the general ledger of Fresh Bagel Manufacturing Company: $0 OA $27,280 B. $98,031 OC. $69,231 D. $7280 $28,800 $40,200 (Click the icon to view additional data.) What is the work in process inventory balance on January 31?

Work in process inventory Raw materials inventory Finished goods inventory beginning of January were selected from the general ledger of Fresh Bagel Manufacturing Company: $0 OA $27,280 B. $98,031 OC. $69,231 D. $7280 $28,800 $40,200 (Click the icon to view additional data.) What is the work in process inventory balance on January 31?

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 27E: Selected information concerning the operations of a company for the year ended December 31 is as...

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