The following questionscompute the total overhead applied

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The following questions: A) Compute the total overhead applied to production during May. B) Compute the cost of the ending work in process inventory. C) Compute the cost of jobs completed during May. D) Compute the cost of goods sold for the year ended May 31.

Spencer Corporation employs a job order cost system. On May 1 the following balances were extracted from the general ledger;

Work in process $ 36,200
Finished goods 86,900
Cost of goods sold 130,700

Work in Process consisted of two jobs, no. 101 ($22,400) and no. 103 ($13,800). During May, direct materials requisitioned from the storeroom amounted to $96,500, and direct labor incurred totaled $116,500.

Reference no: EM13590167

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