1. The following information is available for completed Job No. 402: Direct materials, $80,000; direct labor, $120,000; manufacturing overhead applied, $60,000; units produced, 5,000 units; units sold, 4,000 units. The cost of the finished goods on hand from this job is
a $40,000.
b $208,000.
c $52,000.
d $260,000.

2.Gulick Company developed the following data for the current year:
Beginning work in process inventory $120,000
Direct materials used 72,000
Actual overhead 144,000
Overhead applied 108,000
Cost of goods manufactured 132,000
Total manufacturing costs 360,000
Gulick Company's ending work in process inventory is
a $108,000.
b $228,000.
c $348,000.
d $240,000.

3. Greer Company developed the following data for the current year:
Beginning work in process inventory $ 68,000
Direct materials used 104,000
Actual overhead 88,000
Overhead applied 92,000
Cost of goods manufactured 450,000
Total manufacturing costs 428,000
How much is Greer Company's ending work in process inventory for the year?
a $242,000
b $42,000
c $186,000
d $46,000

4.Cost of goods manufactured equals $55,000 for 2011. Finished goods inventory is $2,000 at the beginning of the year and $5,500 at the end of the year. Beginning and ending work in process for 2011 are $4,000 and $5,000, respectively. How much is cost of goods sold for the year?
a $58,500
b $53,000
c $57,500
d $51,500

5. For Jacobs Company, the predetermined overhead rate is 70% of direct labor cost. During the month, $300,000 of factory labor costs are incurred of which $80,000 is indirect labor. Actual overhead incurred was $160,000. The amount of overhead debited to Work in Process Inventory should be:
a $160,000.
b $210,000.
c $154,000.
d $220,000.