Peale Company. Peale Company uses a job-order costing system and the following information is available from its records.The company has three jobs in process: #8,#12,and #15.
Direct material was requisitioned as follows for each job respectively: 25 percent,30 percent,and 30 percent; the balance of the requisitions was considered indirect.Direct labor hours per job are 2,800; 3,300; and 4,000; respectively.Indirect labor is $45,000.Other actual overhead costs totaled $50,000.
Refer to Peale Company.If Job #15 is completed and transferred,what is the balance in Work in Process Inventory at the end of the period if overhead is applied at the end of the period?

Question

Peale Company. Peale Company uses a job-order costing system and the following information is available from its records.The company has three jobs in process: #8,#12,and #15.
 Direct material was requisitioned as follows for each job respectively: 25 percent,30 percent,and 30 percent; the balance of the requisitions was considered indirect.Direct labor hours per job are 2,800; 3,300; and 4,000; respectively.Indirect labor is $45,000.Other actual overhead costs totaled $50,000.
Refer to Peale Company.If Job #15 is completed and transferred,what is the balance in Work in Process Inventory at the end of the period if overhead is applied at the end of the period?

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The Answer of Peale Company. Peale Company uses a job-order costing system and the following information is available from its records.The company has three jobs in process: #8,#12,and #15.
 Direct material was requisitioned as follows for each job respectively: 25 percent,30 percent,and 30 percent; the balance of the requisitions was considered indirect.Direct labor hours per job are 2,800; 3,300; and 4,000; respectively.Indirect labor is $45,000.Other actual overhead costs totaled $50,000.
Refer to Peale Company.If Job #15 is completed and transferred,what is the balance in Work in Process Inventory at the end of the period if overhead is applied at the end of the period?