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dezoksy [38]
3 years ago
7

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
Business
1 answer:
Triss [41]3 years ago
7 0

Answer:

b. 328,000

Explanation:

The cost of jobs completed in February.

= DM+ OH applied + DL

$96,000 + $119,000 + $113,000 = = $328,000.

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