Homework Clinic

Social Science Clinic => Accounting => Topic started by: burton19126 on Jan 4, 2020

Title: Waterside Sports Equipment Company's work in process inventory on June 1 has a balance of $21,500 ...
Post by: burton19126 on Jan 4, 2020
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
Title: Waterside Sports Equipment Company's work in process inventory on June 1 has a balance of $21,500 ...
Post by: perkiness on Jan 4, 2020
$141,700
Title: Re: Waterside Sports Equipment Company's work in process inventory on June 1 has a balance of $21,50
Post by: Logan Reimer on Sep 29, 2022
Thank you!