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Category > Accounting Posted 27 Jul 2017 My Price 7.00

Kapanga Manufacturing Company uses a job-order costing system and started the month of October

Kapanga Manufacturing Company uses a job-order costing system and started the month of October with a zero balance in its work in process and finished goods inventory accounts. During October, Kapanga worked on three jobs and incurred the following direct costs on those jobs:

 

Job B18

Job B19

Job C11

Direct materials

$12,000

$25,000

$18,000

Direct labor

$8,000

$10,000

$5,000

Kapanga applies manufacturing overhead at a rate of 150% of direct labor cost. During October, Kapanga completed Jobs B18 and B19 and sold Job B19. What is Kapanga"s work in process inventory balance at the end of October?

A) $23,000

B) $30,500

C) $32,000

D) $43,000

Answers

Alpha Geek
(8)
Status NEW Posted 27 Jul 2017 06:07 AM My Price 7.00

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Attachments

file 1501138214-633975_1_636366719740072438_Kapanga-Manufacturing-Company.xlsx preview (104 words )
An-----------swe-----------r: ----------- ----------- B-----------) $-----------30,-----------500-----------Wor-----------k i-----------n p-----------roc-----------ess----------- in-----------ven-----------tor-----------yDi-----------rec-----------t l-----------abo-----------rDi-----------rec-----------t m-----------ate-----------ria-----------lsJ-----------ob -----------C11-----------D) -----------$43-----------,00-----------0C)----------- $3-----------2,0-----------00B-----------) $-----------30,-----------500-----------A) -----------$23-----------,00-----------0Ka-----------pan-----------ga -----------app-----------lie-----------s m-----------anu-----------fac-----------tur-----------ing----------- ov-----------erh-----------ead----------- at----------- a -----------rat-----------e o-----------f 1-----------50%----------- of----------- di-----------rec-----------t l-----------abo-----------r c-----------ost-----------. D-----------uri-----------ng -----------Oct-----------obe-----------r, -----------Kap-----------ang-----------a c-----------omp-----------let-----------ed -----------Job-----------s B-----------18 -----------and----------- B1-----------9 a-----------nd -----------sol-----------d J-----------ob -----------B19-----------. W-----------hat----------- is----------- Ka-----------pan-----------ga&-----------quo-----------t;s----------- wo-----------rk -----------in -----------pro-----------ces-----------s i-----------nve-----------nto-----------ry -----------bal-----------anc-----------e a-----------t t-----------he -----------end----------- of----------- Oc-----------tob-----------er?-----------Job----------- B1-----------9Jo-----------b B-----------18K-----------apa-----------nga----------- Ma-----------nuf-----------act-----------uri-----------ng -----------Com-----------pan-----------y u-----------ses----------- a -----------job------------or-----------der----------- co-----------sti-----------ng -----------sys-----------tem----------- an-----------d
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