Wet N Wild Sports Equipment Company's work in process inventory on June 1 has a balance...
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Wet N Wild Sports Equipment Company's work in process inventory on June 1 has a balance of $23,000 representing Job No. 265. During June, $50,900 of direct materials were requisitioned for Job No. 265, and $35,100 of direct labor cost was incurred on Job No. 265. Manufacturing overhead allocated at 115% of direct labor cost. Actual manufacturing overhead costs incurred in June amounted to $41,600. No new jobs were started during June. Job No. 265 was completed on June 28. What is the total cost assigned to Job No. 265? $149,365 $40,365 $150,600 $132,865 Wet N Wild Sports Equipment Company's work in process inventory on June 1 has a balance of $23,000 representing Job No. 265. During June, $50,900 of direct materials were requisitioned for Job No. 265, and $35,100 of direct labor cost was incurred on Job No. 265. Manufacturing overhead allocated at 115% of direct labor cost. Actual manufacturing overhead costs incurred in June amounted to $41,600. No new jobs were started during June. Job No. 265 was completed on June 28. What is the total cost assigned to Job No. 265? $149,365 $40,365 $150,600 $132,865
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Accounting Principles
ISBN: 978-1119419617
IFRS global edition
Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt
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