Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. barefoot running company's work in process invento

Barefoot Running Company's work in process inventory on June 1 has a balance of $23,100...

80.2K

Verified Solution

Question

Accounting

image

Barefoot Running Company's work in process inventory on June 1 has a balance of $23,100 representing Job No. 265. During June, S50,300 of direct materials were requisitioned for Job No. 265 and $35,100 of direct labor cost was incurred on Job No. 265. Manufacturing over ead is allocated at 115% of direct labor cost. Actual manufacturing overhead costs incur ed in June amounted to $41,800 No new obs were started during June. Job No 265 is completed on June 28 What is the total cost assigned to Job No. 265? O A. $150,300 O B. $132,465 O C. $148,865 O D. S40,365

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students