Question 30 (3 points)

The Work in Process Inventory account for DG Manufacturing follows. Compute the cost of jobs completed and transferred to Finished Goods Inventory.

Work in Process Inventory DebitCredit Beginning WIP5,100 Direct materials47,700 Direct labor30,200 Applied overhead16,400 To finished goods ?Ending WIP10,100

The cost of jobs transferred to finished goods is:

Question 30 options:

$89,300. $99,400. $97,600. $109,500. $94,300.

Question 31 (3 points)

Minstrel Manufacturing uses a job order costing system. During the month, Minstrel purchased $195,000 of raw materials on credit; issued materials to production of $208,000 of which $17,000 were indirect. Minstrel incurred a factory payroll of $152,000, of which $27,000 was indirect labor. Minstrel uses a predetermined overhead application rate of 150% of direct labor cost. If Minstrel incurred total overhead costs of $185,000 during the month, compute the amount of under- or overapplied overhead:

Question 31 options:

$2,500 underapplied. $43,000 overapplied. $33,000 overapplied. $2,500 overapplied. $33,000 underapplied