Before the Application of Overhead Costs Veccio Corporation Has the Following

Multiple Choice

Before the application of overhead costs Veccio Corporation has the following costs traced to production: $$\begin{array} { c c c } & \text { Direct Materials } & \text { Direct Labour } \\\text { Charged to production } & \$ 30000 & \$ 40000\end{array}$$ Assuming that overhead is applied at the rate of 100% of direct labour cost what is the amount of inventory finished for the period assume no work in process ?

A) $30 000
B) $40 000
C) $80 000
D) $110 000