Answer:
c. $70,500
Explanation:
The computation of the total work in process account is shown below:
For Job 400
= Beginning balance + direct material + direct labor cost + overhead cost
= $23,000 + $6,000 + $4,000 + $2,000
= $35,000
The overhead = $4,000 × 50% = $2,000
For Job 402
= Beginning balance + direct material + direct labor cost + overhead cost
= $6,000 + $10,000 + $13,000 + $6,500
= $35,500
The overhead = $13,000 × 50% = $6,500
Now the total work in progress would be
= $35,000 + $35,500
= $70,500
