The Matthew Company has the following information for December of this year:
$$\begin{array} { l r }
\text { Raw materials purchases } & \$ 30,000 \
\text { Raw materials used } & 27,000 \
\text { Direct labor } & 20,000 \
\text { Actual manufacturing overhead } & 28,000 \
\text { Cost of goods completed } & 60,000
\end{array}$$ Overhead rate is 150 percent of direct labor costs. The Matthew Company uses a process costing system.
Calculate the total amount of cost added to Work-in-Process Inventory for December.

Question

The Matthew Company has the following information for December of this year:
 $$\begin{array} { l r } 
\text { Raw materials purchases } & \$ 30,000 \
\text { Raw materials used } & 27,000 \
\text { Direct labor } & 20,000 \
\text { Actual manufacturing overhead } & 28,000 \
\text { Cost of goods completed } & 60,000
\end{array}$$ Overhead rate is 150 percent of direct labor costs. The Matthew Company uses a process costing system.
Calculate the total amount of cost added to Work-in-Process Inventory for December.

Quizplus · Accepted Answer

The Answer of The Matthew Company has the following information for December of this year:
 $$\begin{array} { l r } 
\text { Raw materials purchases } & \$ 30,000 \
\text { Raw materials used } & 27,000 \
\text { Direct labor } & 20,000 \
\text { Actual manufacturing overhead } & 28,000 \
\text { Cost of goods completed } & 60,000
\end{array}$$ Overhead rate is 150 percent of direct labor costs. The Matthew Company uses a process costing system.
Calculate the total amount of cost added to Work-in-Process Inventory for December.

The Matthew Company Has the Following Information for December of This