Bryant Company designs and builds fancy dining room tables for individual custom

Question

Bryant Company designs and builds fancy dining room tables for individual customers. On July 1, there were two jobs in process: Job 391 with a beginning balance of $21,700 and Job 392 with a beginning balance of $8,790. Overhead costs are applied by using a rate of 70% of direct labor costs. Both jobs are unfinished on July 31. Data on July costs for both jobs are as follows: Job 391 Job 392 Direct Materials $5,100 $ 9,200 Direct Labor Cost 2,700 11,000 What is the total of the Work-in-Process Account at July 31? Answer $28,000 $58,490 $68,080 $37,590 none of these

Explanation / Answer

$37,590

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