Reference no: EM132618682

Question - Beckett Industries has the following beginning and ending inventories for the month of April.

April 1 April 30

Direct materials $67,000 $62,000

Work-in-process 145,000 171,000

Finished goods 85,000 78,000

Production data for the month of April is:

Direct labor $200,000

Actual overhead 132,000

Direct materials purchased 163,000

Transportation in 4,000

Purchase Returns and Allowances 2,000

Beckett uses one overhead control account and charges overhead to production at 70% of direct labor cost. The company does not formally recognize over- or underapplied overhead until year-end.

Required - What is Beckett's cost of goods transferred to finished goods inventory for April?

A) $469,000.

B) $477,000.

C) $495,000.

D) $484,000.

E) None of these answers are correct