Business, 27.02.2020 02:49 sunshine52577oyeor9

Capri Boat Corporation uses a job order cost system and applies overhead based on a percentage of direct labor cost. Cost flows through the Work in Process Inventory account during March are given below:

Work in Process

Beginning Balance 0 Transferred Out 195,000

Direct Materials 57,000

Direct Labor 100,000

Overhead 120,000

Ending Balance 82,000

Only Job #007 was still in process at the end of March and this job had been charged with $16,000 in direct materials cost.

The amount of direct materials cost charged to completed jobs during March was:

Multiple Choice

$8,000.

$50,000.

$82,000.

$41,000.

Answers: 1

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