Maple Company uses a job costing system.Maple Company's schedule of cost of goods manufactured showed the following amounts for the month ended August 31.

Allocated manufacturing overhead costs for August amount to $50,000.
What is the amount of work in process inventory (before any adjustment for overallocated or underallocated manufacturing overhead)on August 31?

Question

Maple Company uses a job costing system.Maple Company's schedule of cost of goods manufactured showed the following amounts for the month ended August 31.

Allocated manufacturing overhead costs for August amount to $50,000.
What is the amount of work in process inventory (before any adjustment for overallocated or underallocated manufacturing overhead)on August 31?

Quizplus · Accepted Answer

A)$14,500 + 42,000 + 75,000 + 50,000 - 124,000 = $57,500

Maple Company Uses a Job Costing System