Question: Wiley Publishing utilizes job-order costing for textbook production. It allocates overhead at a rate of 140% of direct labor costs. The following is data regarding

Wiley Publishing utilizes job-order costing for textbook production. It allocates overhead at a rate of 140% of direct labor costs. The following is data regarding three jobs: WIP balance Direct Direct At Materials Labor Feb 1 Costs added Costs added in February in February Job #28 $400 $200 $500 Job #29 $500 $300 $300 Job #30 $300 $250 $100 Job #29 was completed and sold in February. However, Jobs #28 and #30 were still in manufacturing stage, . How much is the balance in the WIP account at the end of February? Your answer should NOT include any dollar sign or any commas or any points. Answer: 790 X The correct answer is: 2590

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