Author Question: Portend Company uses a job costing system. The company's schedule of cost of goods manufactured ... (Read 77 times)

captainjonesify · **on:** Jan 4, 2020

Portend Company uses a job costing system. The company's schedule of cost of goods manufactured showed the following amounts for September.

Cost of goods manufactured	$26,000
Cost of direct materials used	$13,500
Cost of direct labour ($9 per hour)	$9,000
Work in process inventory, September 1	$1,000

Manufacturing overhead cost is allocated at the rate of $6 per direct labour hour
Actual manufacturing overhead costs for September amount to $11,000.

What is the amount of work in process inventory on September 30 at Portend Company?
◦ $10,000
◦ $3,500
◦ $27,000
◦ $33,500

ambernicolefink · **Reply #1 on:** Jan 4, 2020

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