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 $208,000 of raw materials on credit; issued materials to production of $205,000 of which $20,000 were indirect. Minstrel incurred a factory payroll of $160,000, of which $30,000 was indirect labor. Minstrel uses a predetermined overhead rate of 150% of direct labor cost. Compute the cost of product transferred to finished goods inventory?

Reference no: EM133017858

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