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Compute the balance in the work in process inventory control

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Reference no: EM132524234

The following information is available at the end of May:

Balance in Work in Process on May 1 $38,500

Direct material costs for May 62,300

Direct labour costs for May 86,250

Overhead applied at rate of 120% of direct labour dollars

Jobs completed during May:

Job 102 $66,120

Job 103 97,100

Job 104 51,500

Job 106 22,850

Jobs 105 a 107 were not completed at the end of May.

Question 1: Compute the balance in the Work in Process Inventory Control account on May 31.

a. $139,230

b. $237,570

c. $14,480

d. $52,980

Reference no: EM132524234

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