Question: Question 7 (1 point) Job # Direct Material Direct Labor 302 $ 58,400 $ 42,300 Completed 303 $ 69,000 $ 32,800 304 $ 67,600 $
| Question 7 (1 point) | |||||||
| Job # | Direct Material | Direct Labor | |||||
| 302 | $ 58,400 | $ 42,300 | Completed | ||||
| 303 | $ 69,000 | $ 32,800 | |||||
| 304 | $ 67,600 | $ 50,400 | Sold | ||||
| 305 | $ 84,200 | $ 52,700 | |||||
| Overhead | |||||||
| Depreciation | $ 6,400 | ||||||
| Indirect Labor | $ 41,200 | ||||||
| Rentals paid in cash | $ 37,300 | ||||||
| Prepaid insurance | $ 7,100 | ||||||
| Apply Overhead to jobs at the predetermined rate of 30% of direct labor costs - assume absorption costing. | |||||||
| What is the Finished Goods Inventory at the end of the month? | |||||||
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