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EX 3-27(Algo) Job-Order Costing Basics (LO 3-2,3-4,3-6) Skip to question [The following...

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Accounting

EX 3-27(Algo) Job-Order Costing Basics (LO 3-2,3-4,3-6)
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Bodin Company manufactures finger splints for kids who get tendonitis from playing video games. The firm had the following i
Type January 1 January 31
Finished goods $ 125,000 $ 117,000
Work in process 233,000251,000
Raw material 134,000124,000
The following additional data pertain to January operations.
Raw material purchased $ 191,000
Direct labor 350,000
Actual manufacturing overhead 170,000
Actual selling and administrative expenses 115,000
The company applies manufacturing overhead at the rate of 60 percent of direct-labor cost. Any overapplied or underapplied ma
1. Compute the companys prime cost for January.

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