Dapper Corporation had only one job in process on May 1.The job had been charged with $3,400 of direct materials,$4,640 of direct labor,and $9,200 of manufacturing overhead cost.The company assigns overhead cost to jobs using the predetermined overhead rate of $23.00 per direct labor-hour. During May,the following activity was recorded: Work in process inventory on May 30 contains $7,540 of direct labor cost.Raw materials consist solely of items that are classified as direct materials.
The cost of goods manufactured for May was:
A)$109,670
B)$124,620
C)$143,300
D)$126,820

Question

Dapper Corporation had only one job in process on May 1.The job had been charged with $3,400 of direct materials,$4,640 of direct labor,and $9,200 of manufacturing overhead cost.The company assigns overhead cost to jobs using the predetermined overhead rate of $23.00 per direct labor-hour. During May,the following activity was recorded:  Work in process inventory on May 30 contains $7,540 of direct labor cost.Raw materials consist solely of items that are classified as direct materials.
The cost of goods manufactured for May was:
A)$109,670 
B)$124,620 
C)$143,300 
D)$126,820

Quizplus · Accepted Answer

Beginning work in process inventory = $3,400 + $4,640 + $9,200 = $17,240
 11eaa3fe_33be_6e34_908b_3dea3332dd1b_TB2461_00

Dapper Corporation Had Only One Job in Process on May