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Author Question: Portend Company uses a job costing system. The company's schedule of cost of goods manufactured ... (Read 107 times)

captainjonesify

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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


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Marked as best answer by captainjonesify on Jan 4, 2020

ambernicolefink

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captainjonesify

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Reply 2 on: Jan 4, 2020
Great answer, keep it coming :)


amandanbreshears

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

 

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