Wright Corporation had the following information available for December of the current year:
Plantwide overhead rate is 150% of direct labor costs.Job cost sheets had the following balances:

Jobs Z3 and Z4 were not completed at the end of December.What is the balance in work-in process for Wright at the end of December?
A) $85,000
B) $87,500
C) $56,250
D) $53,750

Question

Wright Corporation had the following information available for December of the current year: 
 Plantwide overhead rate is 150% of direct labor costs.Job cost sheets had the following balances:
 
 Jobs Z3 and Z4 were not completed at the end of December.What is the balance in work-in process for Wright at the end of December?
A) $85,000 
B) $87,500 
C) $56,250 
D) $53,750

Quizplus · Accepted Answer

SUPPORTING CALCULATIONS:
$35,000 + $18,750 = $53,750

Wright Corporation Had the Following Information Available for December of the Current