contestada

During 2017, Waterway Industries expected Job No. 26 to cost $300000 of overhead, $500000 of materials, and $200000 in labor. Waterway applied overhead based on direct labor cost. Actual production required an overhead cost of $290000, $470000 in materials used, and $190000 in labor. All of the goods were completed. What amount was transferred to Finished Goods

Respuesta :

Answer:

$945,000

Explanation:

The computation of the amount transferred to the finished goods is shown below:

= Material + labor + overhead

= $470,000 + $190,000 + $190,000 × $300,000 ÷ $200,000

= $470,000 + $190,000 + $285,000

= $945,000

hence, the amount transferred is $945,000

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