The Lee Corporation uses a job-order costing system. The following data were recorded for June: June 1 Added During June Job Number Work in Process Inventory Direct Materials Direct Labor 235 $3,150 236 $2,210 237 $1,585 238 $1,125 $860 $595 $1,260 $1,435 $1,720 $2,530 $2,410 $3,290 Overhead is charged to production at 90% of direct materials cost. Jobs 235, 237, and 238 were completed during June and transferred to finished goods. Jobs 235 and 238 have been delivered to customers. Actual manufacturing overhead was equal to manufacturing overhead applied. There were no Finished Goods inventories at the beginning of June. Lee's Work in Process inventory balance on June 30 was: a. $6,039 b. $11,549 c. $4,905 d. $6,199

Principles of Cost Accounting
17th Edition
ISBN:9781305087408
Author:Edward J. Vanderbeck, Maria R. Mitchell
Publisher:Edward J. Vanderbeck, Maria R. Mitchell
Chapter1: Introduction To Cost Accounting
Section: Chapter Questions
Problem 11E: Leen Production Co. uses the job order cost system of accounting. The following information was...
icon
Related questions
Question

Please need answer

The Lee Corporation uses a job-order costing system. The following data were
recorded for June:
June 1
Added During June
Job Number Work in Process Inventory Direct Materials Direct Labor
235
$3,150
236
$2,210
237
$1,585
238
$1,125
$860
$595
$1,260
$1,435
$1,720
$2,530
$2,410
$3,290
Overhead is charged to production at 90% of direct materials cost. Jobs 235,
237, and 238 were completed during June and transferred to finished goods.
Jobs 235 and 238 have been delivered to customers. Actual manufacturing
overhead was equal to manufacturing overhead applied. There were no Finished
Goods inventories at the beginning of June.
Lee's Work in Process inventory balance on June 30 was:
a. $6,039
b. $11,549
c. $4,905
d. $6,199
Transcribed Image Text:The Lee Corporation uses a job-order costing system. The following data were recorded for June: June 1 Added During June Job Number Work in Process Inventory Direct Materials Direct Labor 235 $3,150 236 $2,210 237 $1,585 238 $1,125 $860 $595 $1,260 $1,435 $1,720 $2,530 $2,410 $3,290 Overhead is charged to production at 90% of direct materials cost. Jobs 235, 237, and 238 were completed during June and transferred to finished goods. Jobs 235 and 238 have been delivered to customers. Actual manufacturing overhead was equal to manufacturing overhead applied. There were no Finished Goods inventories at the beginning of June. Lee's Work in Process inventory balance on June 30 was: a. $6,039 b. $11,549 c. $4,905 d. $6,199
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Cost Accounting
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Financial And Managerial Accounting
Financial And Managerial Accounting
Accounting
ISBN:
9781337902663
Author:
WARREN, Carl S.
Publisher:
Cengage Learning,