GHI Inc. has commenced work on three jobs during its first year of operations. Costs incurred...

 

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GHI Inc. has commenced work on three jobs during its first year of operations. Costs incurred for each of these jobs are as follows: Job 1 Job 2 Job 3 $100,000|$150,000$200,000 $200,000$300,000$250,000 Direct Materials Direct Labour Overhead is applied to jobs at a rate of $0.60 per direct labour dollar spent. During the year, Job 1 was completed, while Job 2 was completed and sold. Job 3 is still process at the end of the year. GHI's Cost of Goods Manufactured for the year was: Multiple Choice $250.000 $450,000 $1,275.000 $1,050,000 GHI Inc. has commenced work on three jobs during its first year of operations. Costs incurred for each of these jobs are as follows: Job 1 Job 2 Job 3 $100,000|$150,000$200,000 $200,000$300,000$250,000 Direct Materials Direct Labour Overhead is applied to jobs at a rate of $0.60 per direct labour dollar spent. During the year, Job 1 was completed, while Job 2 was completed and sold. Job 3 is still process at the end of the year. GHI's Cost of Goods Manufactured for the year was: Multiple Choice $250.000 $450,000 $1,275.000 $1,050,000

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