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Compute the cost of product transferred to Finished Goods

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Question - Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $219,600 of raw materials on credit; issued materials to production of $213,000 of which $35,400 were indirect. Minstrel incurred a factory payroll of $160,800, of which $45,400 was indirect labor. Minstrel uses a predetermined overhead application rate of 150% of direct labor cost. Minstrel's beginning and ending Work in Process Inventory are $17,300 and $30,600 respectively. Compute the cost of product transferred to Finished Goods Inventory?

Reference no: EM132843403

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