G Repair Services uses job order costing.At the end of the month the following information was available: $$\begin{array} { l l l l }
& \text { Job X-1 } & \text { Job X-2 } & \text { Job X-3 } \
\text { Direct materials } & \$ 50 & \$ 60 & \$ 30 \
\text { Direct labour } & \$ 20 & \$ 30 & \$ 10
\end{array}$$ Actual overhead costs are $100.Overhead is applied on the basis of 200% of direct labour costs.Jobs X-1 and X-2 have been completed and sold.Job X-3 is not yet complete.At month-end the work in process inventory balance is:

Question

G Repair Services uses job order costing.At the end of the month the following information was available: $$\begin{array} { l l l l } 
& \text { Job X-1 } & \text { Job X-2 } & \text { Job X-3 } \
\text { Direct materials } & \$ 50 & \$ 60 & \$ 30 \
\text { Direct labour } & \$ 20 & \$ 30 & \$ 10
\end{array}$$ Actual overhead costs are $100.Overhead is applied on the basis of 200% of direct labour costs.Jobs X-1 and X-2 have been completed and sold.Job X-3 is not yet complete.At month-end the work in process inventory balance is:

Quizplus · Accepted Answer

The Answer of G Repair Services uses job order costing.At the end of the month the following information was available: $$\begin{array} { l l l l } 
& \text { Job X-1 } & \text { Job X-2 } & \text { Job X-3 } \
\text { Direct materials } & \$ 50 & \$ 60 & \$ 30 \
\text { Direct labour } & \$ 20 & \$ 30 & \$ 10
\end{array}$$ Actual overhead costs are $100.Overhead is applied on the basis of 200% of direct labour costs.Jobs X-1 and X-2 have been completed and sold.Job X-3 is not yet complete.At month-end the work in process inventory balance is:

G Repair Services Uses Job Order Costing Actual Overhead Costs Are $100