Elegant Furnishings designs and builds upscale dining room tables for individual customers.On June 1,two jobs were in process: Braun with a beginning balance of $21,700; and Prince with a beginning balance of $8,790.Overhead costs are applied by using a rate of 70% of direct labour costs.Both jobs are unfinished at the end of June.Data on July costs for both jobs are as follows: Which of the following is the total of the work-in-process account at June 30?
A) $28,000
B) $37,590
C) $58,490
D) $70,080
Correct Answer:
Verified
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