Minstrel Manufacturing uses a job order costing system. During the month, Minstrel purchased $214,800 of...
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Accounting
Minstrel Manufacturing uses a job order costing system. During the month, Minstrel purchased $214,800 of raw materials on credit; issued materials to production of $209,000 of which $34,200 were indirect. Minstrel incurred a factory payroll of $158,400, of which $44,200 was indirect labor. Minstrel uses a predetermined overhead application rate of 150% of direct labor cost. Minstrel's beginning and ending Work in Process Inventory are $16,900 and $29,800 respectively. Compute the cost of jobs transferred to Finished Goods Invento
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