The Keith Company uses job-order costing and a predetermined overhead rate based on direct material dollars. The following information is available for the month of August: Manufacturing overhead is charged to jobs at 90% of the direct materials cost. Jobs #22 and #31 were completed during the period and transferred to finished goods. Job #16 was completed and delivered to customers during the month. Cost of goods sold for August was: a. $810
B) $250
C) $340
D) $900

Question

The Keith Company uses job-order costing and a predetermined overhead rate based on direct material dollars. The following information is available for the month of August:  Manufacturing overhead is charged to jobs at 90% of the direct materials cost. Jobs #22 and #31 were completed during the period and transferred to finished goods. Job #16 was completed and delivered to customers during the month. Cost of goods sold for August was: a. $810
B) $250
C) $340
D) $900

Quizplus · Accepted Answer

The Answer of The Keith Company uses job-order costing and a predetermined overhead rate based on direct material dollars. The following information is available for the month of August:  Manufacturing overhead is charged to jobs at 90% of the direct materials cost. Jobs #22 and #31 were completed during the period and transferred to finished goods. Job #16 was completed and delivered to customers during the month. Cost of goods sold for August was: a. $810
B) $250
C) $340
D) $900

The Keith Company Uses Job-Order Costing and a Predetermined Overhead