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What is the total amount debited to finished goods inventory

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Reference no: EM133118858

Question - Walter Company uses a job-order costing system to account for product costs. The following information pertains to the current year:

Materials placed into production $140,000

Indirect labor 40,000

Direct labor (10,000 hours) 160,000

Depreciation of factory building 60,000

Other plantwide overhead 100,000

Increase in work-in-process inventory 30,000

Plantwide overhead rate is $18 per direct labor hour.

What is the total amount debited to Finished Goods Inventory in the current year?

a. $450,000

b. $490,000

c. $510,000

d. $550,000

Reference no: EM133118858

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