Barefoot Running Company's Work in Process Inventory on June 1

question 123

Multiple Choice

Barefoot Running Company's work in process inventory on June 1 has a balance of $22,700 representing Job No. 265. During June, $50,100 of direct materials were requisitioned for Job No. 265 and $35,900 of direct labor cost was incurred on Job No. 265. Manufacturing overhead is allocated at 115% of direct labor cost. Actual manufacturing overhead costs incurred in June amounted to $41,300. 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)$150,000
• B)$132,685
• C)$149,985
• D)$41,285

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Definitions:

Fetal Cells

Cells that make up the developing fetus in the womb, which possess the ability to divide and specialize into various cell types.

Defective Conditions

Situations or items that are flawed, damaged, or not functioning as intended, often requiring repair or replacement.

Chorionic Villus Sampling

A prenatal test involving the sampling of chorionic villi to test for chromosomal abnormalities in the fetus.

Amniocentesis

A medical procedure used in prenatal diagnosis to sample amniotic fluid using a needle inserted into the uterus, for the testing of chromosomal abnormalities and fetal infections.