Answer:
b. $44,480
Explanation:
As Job 407 was left out the ending inventory would be of Job 407
Materials + Labor + Factory Overhead= $9000+ $ 5200 + $10,000 + 3,900*$5.20= $44,480
The costs For Job 405 and 406 would be calculated as follows
Material X Material Y
Job 405, $9,000.
Job 406 $5,000 $8,000
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<u>Total $ 14,000 $8,000</u>
Direct Labor Hours Cost
Job 405 5,000 $24,500
Job 406 5,600 $16,000
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<u>Total 10,600 $40,000 </u>
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<u>Factory Overhead</u>
<em>Indirect Labor $5,700 </em>
<em>Factory paychecks $38,700 </em>
<em>factory overhead charges $21,400</em>
<em>Depreciation $7,400</em>
<em>Selling and administrative costs $4,100</em>
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