Minstrel Manufacturing Uses a Job Order Costing System

question 79

Multiple Choice

Minstrel Manufacturing uses a job order costing system.During one month Minstrel purchased $198,000 of raw materials on credit;issued materials to production of $195,000 of which $30,000 were indirect.Minstrel incurred a factory payroll of $150,000,paid in cash,of which $40,000 was indirect labor.Minstrel uses a predetermined overhead application rate of 150% of direct labor cost.Minstrel's beginning and ending Work in Process Inventory are $15,500 and $27,000 respectively.Compute the cost of product transferred to Finished Goods Inventory:

• A)$558,500.
• B)$440,000.
• C)$413,000.
• D)$428,500.
• E)$415,000.

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Definitions:

Terminated

Ended or concluded, often referring to contracts, employment, or agreements.

Contractual Obligations

Specific duties or tasks that parties are bound to perform under a contract.

Specific Subject Matter

The particular focus or theme of a legal document, agreement, or discussion.

Destroyed

Rendered useless or completely obliterated.