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Author Question: Cooper Company uses a job costing system. The company's schedule of cost of goods manufactured ... (Read 143 times)

nramada

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on: Jan 4, 2020
Cooper 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$52,000
Cost of direct materials used$27,000
Cost of direct labour ($18 per hour)$18,000
Work in process inventory, September 1    $2,000

Manufacturing overhead cost is allocated at the rate of $12 per direct labour hour. Actual manufacturing overhead costs for September amount to $22,000.


What is the amount of work in process inventory (after any adjustment for overallocated or underallocated manufacturing overhead) on September 30 at Cooper Company?
◦ $67,000
◦ $20,000
◦ $54,000
◦ $17,000
Managerial Accounting, Canadian Edition ¦ Braun, Tietz, Pyper ¦ 2nd Edition
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Marked as best answer by nramada on Jan 4, 2020

pikon

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Reply #1 on: Jan 4, 2020
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nramada

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

bulacsom

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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