Jacksonville Company uses a job-order costing system.During May,the following costs appeared in the Work in Process Inventory account:
Eepincing belance $30,000
Directmeterial used 90,000
Directlab or inchred 52,500
Applied overhead 52,500
Cost of goods manufactured. 225,000
Jacksonville Company applies overhead on the basis of direct labor cost.There was only one job left in Work in Process at the end of May which contained $6,300 of overhead.What amount of direct material was included in this job?

Question

Jacksonville Company uses a job-order costing system.During May,the following costs appeared in the Work in Process Inventory account:
Eepincing belance                            $30,000
Directmeterial used                        90,000
Directlab or inchred                        52,500
Applied overhead                            52,500
Cost of goods manufactured.        225,000
Jacksonville Company applies overhead on the basis of direct labor cost.There was only one job left in Work in Process at the end of May which contained $6,300 of overhead.What amount of direct material was included in this job?

Quizplus · Accepted Answer

The Answer of Jacksonville Company uses a job-order costing system.During May,the following costs appeared in the Work in Process Inventory account:
Eepincing belance                            $30,000
Directmeterial used                        90,000
Directlab or inchred                        52,500
Applied overhead                            52,500
Cost of goods manufactured.        225,000
Jacksonville Company applies overhead on the basis of direct labor cost.There was only one job left in Work in Process at the end of May which contained $6,300 of overhead.What amount of direct material was included in this job?

Jacksonville Company Uses a Job-Order Costing System