Rally Point Inc -Refer to the Figure

question 31

Multiple Choice

Rally Point Inc. designs and builds volleyball gymnasiums. Each gymnasium is custom-built to an individual customer's specifications. Rally Point uses job-order costing to track its costs. In January, Rally Point worked on three jobs. Data for these jobs are as follows:
Overhead is applied to jobs at the rate of $25 per machine hour. By January 31, Job 200 is the only job unfinished. The balance of finished goods on January 1 is $63,290 (consisting of Job 100 only) . Jobs 100 and 300 are sold during January. Rally Point sells its product at cost plus 40%.
$\begin{array}{lrrrr}&\text { Job } 100&\text { Job } 200&\text { Job } 300\\\text { Balance } 1 / 1 & \$ 13,790 & \$ 0 & \$ 0 \\\text { Direct Materials } & 16,200 & 8,500 & 30,500 \\\text { Direct Labour Cost } & 23,300 & 7,600 & 45,000 \\\text { Machine Hours } & 400 & 300 & 2,000\end{array}$
-Refer to the Figure.What is the cost of goods sold for February?

• A)$125,790
• B)$175,700
• C)$188,790
• D)$307,300

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