Great Dane Trailers, Terre Haute, IN, uses a job-order costing system. The company applies overhead on...

 

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Great Dane Trailers, Terre Haute, IN, uses a job-order costing system. The company applies overhead on the basis of direct labor cost. At the end of October, Great Dane Trailers had one job still in process. The job cost sheet fo rthis job contained the following information: October Direct materials Direct labor Applied manufacturing overhead $560 $115 $700 An additional $125 of labor was needed for November to complete this job. For this job, how much should Great Dane Trailers have transferred to finished goods inventory in November when it was completed? Great Dane Trailers, Terre Haute, IN, uses a job-order costing system. The company applies overhead on the basis of direct labor cost. At the end of October, Great Dane Trailers had one job still in process. The job cost sheet fo rthis job contained the following information: October Direct materials Direct labor Applied manufacturing overhead $560 $115 $700 An additional $125 of labor was needed for November to complete this job. For this job, how much should Great Dane Trailers have transferred to finished goods inventory in November when it was completed?

Answer rating: 100% (QA)

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