Kapanga Manufacturing Corporation uses a job-order costing system and started the month of October with a zero balance in its work in process and finished goods inventory accounts.During October, Kapanga worked on three jobs and incurred the following direct costs on those jobs: Kapanga applies manufacturing overhead at a rate of 150% of direct labor cost.During October, Kapanga completed Jobs B18 and B19 and sold Job B19. What is Kapanga's cost of goods manufactured for October?

Question

Kapanga Manufacturing Corporation uses a job-order costing system and started the month of October with a zero balance in its work in process and finished goods inventory accounts.During October, Kapanga worked on three jobs and incurred the following direct costs on those jobs:  Kapanga applies manufacturing overhead at a rate of 150% of direct labor cost.During October, Kapanga completed Jobs B18 and B19 and sold Job B19. What is Kapanga's cost of goods manufactured for October?

Quizplus · Accepted Answer

The Answer of Kapanga Manufacturing Corporation uses a job-order costing system and started the month of October with a zero balance in its work in process and finished goods inventory accounts.During October, Kapanga worked on three jobs and incurred the following direct costs on those jobs:  Kapanga applies manufacturing overhead at a rate of 150% of direct labor cost.During October, Kapanga completed Jobs B18 and B19 and sold Job B19. What is Kapanga's cost of goods manufactured for October?

Kapanga Manufacturing Corporation Uses a Job-Order Costing System and Started