Dagostino Corporation uses a job-order costing system. (1) Direct materials requ
ID: 2594013 • Letter: D
Question
Dagostino Corporation uses a job-order costing system.
(1) Direct materials requisitioned for use in production,$154,000
(2) Indirect materials requisitioned for use in production,$45,000
(3) Direct labor wages incurred,$94,000
(4) Indirect labor wages incurred,$119,000
(5) Depreciation recorded on factory equipment,$44,000
(6) Additional manufacturing overhead costs incurred,$83,000
(7) Manufacturing overhead costs applied to jobs,$236,000
(8) Cost of jobs completed and transferred from Work in Process to Finished Goods,$458,000
Use the following T-accounts to answer the following questions
The ending balance in the Work in Process account is closest to:
$94,000
$84,000
$74,000
$64,000
Work In Process Bal. $48,000Explanation / Answer
Beginning balance in the Work in Process 48000 Current manufacturing costs: Direct materials 154000 Direct labor 94000 Manufacturing overhead costs applied 236000 Total balance in the Work in Process 532000 Less: Jobs completed and transferred 458000 Ending balance in the Work in Process account 74000 Option 3 is correct
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