Wayne Company uses a job costing system and applies overhead to
jobs using a predetermined overhead rate based on direct
labor-hours. The company had the following inventories at the
beginning and end of March:
Homework Answers
Answer: d. $230,000
Explanation
| Calculation of Debits to Work in Process: | |
| $ | |
| Raw materials used (36,000+84,000-30,000) | 90,000.00 |
| Direct labor | 60,000.00 |
| Manufacturing overhead [(60,000 / 7.50) x 10] | 80,000.00 |
| Total debits to work in process | 230,000.00 |
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