Moore Company uses a job-order costing system and the following information is available from its records. The company has three jobs in process: #6, #9, and #13.
Raw material used $120,000
Direct labor per hour $8.50
Overhead applied based on direct labor cost 120%
Direct material was requisitioned as follows for each job respectively: 30 percent, 25 percent, and 25 percent; the balance of the requisitions was considered indirect. Direct labor hours per job are 2,500; 3,100; and 4,200; respectively. Indirect labor is $33,000. Other actual overhead costs totaled $36,000.
Refer to Moore Company. If Job #13 is completed and transferred, what is the balance in Work in Process Inventory at the end of the period if overhead is applied at the end of the period?
a. $170,720
b. $139,540
c. $ 96,700
d. $ 99,020