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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