The Work in Process Inventory account for DG Manufacturing follow. Compute the c

Question

The Work in Process Inventory account for DG Manufacturing follow. Compute the cost of jobs completed and transferred to Finished Goods Inventory. the cost of units transferred to finished goods is: A. $97,000. B. $105,900. C. $88,100. D. $95,200. E. $92,500 12. An example of direct labor cost is: A. Supervisor salary B. Maintenance worker wages C. Janitor wages D. Product assembler wages H. Accountant salary 13.Lowden Company has an overhead application rate of 160% and allocates overhead based on direct material cost. During the current period, direct labor cost is $50,000 and direct materials used cost $80,00 Determine the amount of overhead Lowden Company should record in the current period. A. $31, 250. B. $50,000. C. $80,000. D. $128,000. h. $208,000.

Explanation / Answer

finished gccds;

Opening WIP inventory $         4,500 Add: Direct materials $       47,100 Add: Direct labor $       29,600 Add: Apllied overhead $       15,800 Less: Closing WIP $         8,900 Cost of goods completed and trasnferred to finished goods $       88,100

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