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During 2010, Lawson Manufacturing expected Job No. 26 to cost $600,000 of overhead, $1,000,000 of materials, and $400,000 in labor. Lawson applied overhead based on direct labor cost. Actual production required an overhead cost of $560,000, $1,100,000 in materials used, and $440,000 in labor. All of the goods were completed. What amount was transferred to Finished Goods?

A) $2,000,000

B) $2,100,000

C) $2,140,000

D) $2,200,000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M990362

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