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
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...
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