Maple Company uses a job costing system. Maple Company\'s schedule of cost of go
ID: 2595997 • Letter: M
Question
Maple Company uses a job costing system. Maple Company's schedule of cost of goods the month ended August 31 Cost of direct materials used Cost of goods manufactured Cost of direct labor ($20.00 per hour) Work in process inventory, August 1 $43,000 $124,500 $75,600 $15,300 Allocated manufacturing overhead costs for August amount to $50,800. What is the amount of work in process inventory (before any adjustment for overallocated or underallocated manufacturing overhead) on August 31? OA. $35,500 B. $139,800 yc. $60,200 D. $169,400Explanation / Answer
Work in process August 1 15300 Current manufacturing costs: Direct materials used 43000 Cost of direct labor 75600 Allocated manufacturing overhead 50800 169400 Total cost of work in process 184700 Less: Cost of goods manufactured 124500 Work in process August 31 60200 Option C is correct