Olive Productions Utilizes Job-Order Costing for Textbook Production Jobs #64 and #66 Were Completed and Sold in February
Olive Productions utilizes job-order costing for textbook production. It allocates overhead at a rate of 130% of direct labor costs. The following is data regarding three jobs: Jobs #64 and #66 were completed and sold in February. How much is the balance in the Work in Process account at the end of February?
A) $990
B) $1,690
C) $1,650
D) $1,300
Correct Answer:
Verified
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