Spruce Company uses a job costing system.Spruce Company's schedule of cost of goods manufactured showed the following amounts for the month ended August 331.

Allocated manufacturing overhead costs for August amount to $44,000.
What is the amount of work in process inventory (before any adjustment for overallocated or underallocated manufacturing overhead)on August 31?

Question

Spruce Company uses a job costing system.Spruce Company's schedule of cost of goods manufactured showed the following amounts for the month ended August 331.

Allocated manufacturing overhead costs for August amount to $44,000.
What is the amount of work in process inventory (before any adjustment for overallocated or underallocated manufacturing overhead)on August 31?

Quizplus · Accepted Answer

C)$14,500 + 42,000 + 76,000 + 44,000 - 124,000 = $52,500

Spruce Company Uses a Job Costing System