Walter Company uses a job-order costing system to account for product costs.The following information pertains to the current year:

Plantwide overhead rate is $18 per direct labor hour

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What is the total amount credited to Materials Inventory for Walter in the current year?
A) $480,000
B) $170,000
C) $140,000
D) $110,000

Question

Walter Company uses a job-order costing system to account for product costs.The following information pertains to the current year:  
 
 Plantwide overhead rate is $18 per direct labor hour
 
-
 
What is the total amount credited to Materials Inventory for Walter in the current year?
A) $480,000 
B) $170,000 
C) $140,000 
D) $110,000

Quizplus · Accepted Answer

SUPPORTING CALCULATIONS: Materials used in production = $140,000

Walter Company Uses a Job-Order Costing System to Account for Product