Wet N Wild Sports Equipment Company's Work in Process Inventory

question 101

Multiple Choice

Wet N Wild Sports Equipment Company's work in process inventory on June 1 has a balance of $22,400 representing Job No.265.During June,$50,000 of direct materials were requisitioned for Job No.265 and $35,000 of direct labor cost was incurred on Job No.265.Manufacturing overhead is allocated at 125% of direct labor cost.Actual manufacturing overhead costs incurred in June amounted to $41,000.No new jobs were started during June.Job No.265 is completed on June 28.
What is the total cost assigned to Job No.265?

• A)$148,400
• B)$135,400
• C)$151,150
• D)$43,750

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Definitions:

Rural Communities

Areas characterized by low population density, agricultural or other land-based economic activities, and traditionally, closer social ties and community life.

Poverty

The state of having insufficient financial resources to meet basic living needs such as food, shelter, and healthcare, leading to a lower quality of life.

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Individuals who receive a regular salary or wages based on the amount of work done, often reflecting a segment of the workforce not receiving salaries from long-term contracts or owning businesses.

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An island nation in northwest Europe, consisting of England, Scotland, and Wales, known for its influential role in global politics, economics, and culture.