The work-in-process inventory account of a manufacturing


The Work-in-Process Inventory account of a manufacturing firm has a balance of $12,825 at the end of an accounting period. The job cost sheets of two uncompleted jobs show charges of $2,100 and $1,900 for materials used, and charges of $2,000 and $2,200 for direct labor used. Overhead is applied as a percentage of direct labor costs. The predetermined rate is: (round your percentage answer to 2 decimal places.)

90.80%.

36.10%.

277.00%.

110.12%.

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Financial Accounting: The work-in-process inventory account of a manufacturing
Reference No:- TGS01211316

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