Question: Under Eagle Co.'s job costing system, manufacturing overhead is applied to work in process using a predetermined annual overhead rate. During February, Eagle's transactions included

Under Eagle Co.'s job costing system, manufacturing overhead is applied to work in process using a predetermined annual overhead rate. During February, Eagle's transactions included the following:

Direct materials sent to production.

ps

96,000

Indirect materials sent to production

14,000

Manufacturing overhead incurred

131,000

Manufacturing overhead applied

119,000

Direct labor costs

113,000

Eagle had no beginning or ending inventory in work-in-process inventory. 

What was the cost of the work completed in February? (adapted to CPA)

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