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Under lamprey companys job-order costing system

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Reference no: EM13571419

Under Lamprey Company's job-order costing system, manufacturing overhead is applied to Work in Process inventory using a predetermined overhead rate. During January, Lamprey's transactions included the following:

  Direct materials issued to production $ 93,500
  Indirect Materials issued to production   $ 8,700
  Manufacturing overhead cost incurred $ 132,000
  Manufacturing overhead cost applied $ 120,000
  Direct labor cost incurred $ 110,500

Lamprey Company had no beginning or ending inventories. What was the cost of goods manufactured for January?

Reference no: EM13571419

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