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Author Question: Addison Company uses a job costing system. Addison Company's schedule of cost of goods manufactured ... (Read 189 times)

CharlieWard

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on: Jan 4, 2020
Addison Company uses a job costing system. Addison Company's schedule of cost of goods manufactured showed the following amounts for the month ended August 31.

Cost of goods manufactured$101,000
Cost of direct materials used38,000
Cost of direct labour ($25 per hour)80,000
Work in process inventory, August 112,000

Manufacturing overhead cost is allocated at the rate of $10 per direct labour hour. Actual manufacturing overhead costs for August amount to $42,000.


What is the amount of work in process inventory (after any adjustment for overallocated or underallocated manufacturing overhead) on August 31 at Addison Company?
◦ $61,000
◦ $113,000
◦ $160,000
◦ $30,000
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Marked as best answer by CharlieWard on Jan 4, 2020

Hdosisshsbshs

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Reply #1 on: Jan 4, 2020
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CharlieWard

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Reply 2 on: Jan 4, 2020
Wow, this really help

pangili4

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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