Handle Company uses a job-order costing system. During the month of January, the company worked on...

Transcribed Image Text:

Handle Company uses a job-order costing system. During the month of January, the company worked on three jobs. The job-order cost sheets for the three jobs at the end of January show: Job A Job B Beginning Balances Direct Materials Direct Labor $. 4000 $ 7000 Job C $ 3000 $4000 $ 2000 $ 3000 $ 4000 $ 6000 $3000 The company applies overhead at 118% of direct labor cost, During January Job B was completed, and it was sold in February. At the end of January, what was the total cost in Work in Process, rounded to a whole number? Handle Company uses a job-order costing system. During the month of January, the company worked on three jobs. The job-order cost sheets for the three jobs at the end of January show: Job A Job B Beginning Balances Direct Materials Direct Labor $. 4000 $ 7000 Job C $ 3000 $4000 $ 2000 $ 3000 $ 4000 $ 6000 $3000 The company applies overhead at 118% of direct labor cost, During January Job B was completed, and it was sold in February. At the end of January, what was the total cost in Work in Process, rounded to a whole number?

Answer rating: 100% (QA)

To calculate the total cost in Work in Process WIP at the end of January we need to consider the cos... View the full answer