Multiple Choice
John's Water Slides makes custom water slides for hotels.On September 1, there were three jobs in process, Jobs 812, 813, and 814.Two more jobs were started during September, Jobs 815 and 816.By September 30, Jobs 812, 814, and 816 were finished.The following data has been collected: 
Overhead is applied at the rate of 120% of direct labor cost.Jobs are sold at cost plus 60%.Selling and administrative expenses for September totaled $2,950.By September 30, Jobs 812 were 816 are sold, but the customer who ordered Job 814 decided he did not want the slide so it is still in the warehouse.
-
What is the ending balance of Finished Goods if the beginning balance was $0?
A) $3,457
B) $5,531.20
C) $8,206.40
D) $13,737.60
E) $2,785
Correct Answer:
Verified
Correct Answer:
Verified
Q77: The journal entry for $17,000 materials purchased
Q78: Unit costs are calculated by:<br>A) dividing the
Q79: The raw materials account is an inventory
Q80: If the overhead variance is immaterial, it
Q81: On April 9 of the current year,
Q83: When materials are requested for production the
Q84: At the beginning of the year, Titanium
Q85: Match the following cost flows with the
Q86: Freshy Milk Company produces dairy equipment.Most of
Q87: Hill Company uses job-order costing.At the end