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Category > Accounting Posted 30 Jul 2017 My Price 7.00

Kapanga Manufacturing Company

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

Maurice Tutor
(5)
Status NEW Posted 30 Jul 2017 10:07 PM My Price 7.00

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