Jarratt Inc., a manufacturing company, has provided the following data for the month of September. The balance in the Work in Process inventory account was $21,000 at the beginning of the month and $24,000 at the end of the month. During the month, the company incurred direct materials cost of $69,000 and direct labor cost of $31,000. The actual manufacturing overhead cost incurred was $54,000. The manufacturing overhead cost applied to Work in Process was $58,000. The cost of goods manufactured for September was:
A) $158,000
B) $154,000
C) $151,000
D) $155,000
Correct Answer:
Verified
Q69: Pitzer Corporation, a manufacturing company, has provided
Q70: Roswick Inc. has provided the following data
Q71: Munos Publishing Company uses a job-order costing
Q72: Beaver Company used a predetermined overhead rate
Q73: Mieras Inc. has provided the following data
Q75: Paul Company used a predetermined overhead rate
Q76: Molano Corporation has provided the following data
Q77: Erholm Inc. has provided the following data
Q78: Pricton Corporation has a job-order costing system.
Q79: Chaffey Inc. has provided the following data
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents