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49. The Keith Company uses job-order costing and a predetermined overhead rate based on direct...

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Accounting

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49. The Keith Company uses job-order costing and a predetermined overhead rate based on direct material dollars. The following information is available for the month of August: Job # 16 31 Work-in-Process Balance @ 8/1 $560 $1,020 $890 Added in August Direct Materials Labor $100 $150 $300 $680 Direct $420 $780 Manufacturing overhead is charged to jobs at 90% of the direct materials cost. Jobs #22 and #31 were completed during the period and transferred to finished goods. Job #16 was completed and delivered to customers during the month. Cost of goods sold for August was: A. $810 B. $250 C. $340 $900 4-Self test-D

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