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bernie2981 bernie2981
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Deco Corporation uses a job costing system. On January 1, Deco Corporation's work in process inventory account had a balance of $75,000. During the year, materials requisitioned for use in production amounted to $120,000, of which $82,000 represented direct materials. Factory wages for the period were $231,000, of which $219,000 were for direct labor. Manufacturing overhead is allocated on the basis of 85% of direct labor cost. Actual overhead cost for the year was $125,000. Jobs costing $345,000 were completed during the year.

The December 31 work in process inventory balance is
A) $168,000.
B) $217,150.
C) $426,000.
D) $156,000.
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Managerial Accounting

Managerial Accounting


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nucleinuclei
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