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Determine the cost of direct materials used

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Question 1: A company's overhead rate is 50% of direct labor cost. Using the following incomplete accounts, determine the cost of direct materials used.

Work in Process Inventory

Beginning WIP 119,000

Direct Materials?

Direct Labor?

Applied Overhead?

To Finished Goods ?

Ending WIP 154,800

Factory Overhead     119,000 l 107,100 (T-tables)

Finished Goods Inventory

Beginning FG 139,800 l 384,100

355,900 l

Ending FG 168,000

Multiple Choice

Option 1: $203,800.

Option 2: $98,600.

Option 3: $35,800.

Option 4: $285,500.

Option 5: $384,100.

Reference no: EM132488858

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