Business, 10.03.2020 07:40 kierafisher05
Under Eagle Co.'s job costing system, manufacturing overhead is applied to Work-in-Process using a predetermined annual overhead rate. During February, Eagle's transactions included the following:
Direct materials issued to production $96,000
Indirect materials issued to production 14,000
Manufacturing overhead incurred 131,000
Manufacturing overhead applied 119,000
Direct labor costs 113,000
Eagle had neither beginning nor ending inventory in Work-in-Process Inventory. What was the cost of jobs completed in February? (CPA adapted)
a. 340,000
b. 328,000
Answers: 3
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