Juanita corporation uses a job-order cost system and, Ask an Expert

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Juanita corporation uses a job-order cost system and applies overhead on the basis of direct labor cost. At the end of October, Juanita had one job still in process. The job cost sheet for this job contained the following information:

Direct materials...............................$480
Direct Labor....................................$150
Manufacturing overhead applied....$600

An additional $100 of labor was needed in November to complete this job. For this job, how much should Juanita have transferred to finished goods inventory in November when it was completed?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9988333

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