Homework Clinic
Social Science Clinic => Accounting => Topic started by: burton19126 on Jan 4, 2020
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Waterside Sports Equipment Company's work in process inventory on June 1 has a balance of $21,500 representing Job No. 151. During June, $52,000 of direct materials were requisitioned for Job No. 151 and $31,000 of direct labour cost was incurred on Job No. 151. Manufacturing overhead is allocated at 120% of direct labour cost. Actual manufacturing overhead costs incurred in June amounted to $42,000. No new jobs were started during June. Job No. 151 is completed on June 28.
What is the total cost assigned to Job No. 151 at Waterside Sports Equipment Company?
◦ $141,700
◦ $37,200
◦ $146,500
◦ $130,333
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$141,700
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Thank you!