Consider the following job costing system, where manufacturing overhead is applied to Work-in-Process using a predetermined annual overhead rate. During February, the company's transactions included the following: Direct materials issued to production $100,000 Indirect materials issued to production $18,000 Manufacturing overhead incurred $135,000 Manufacturing overhead applied $123,000 Direct labor costs $117,000 The company had neither beginning nor ending inventory in Work-in-Process Inventory. What was the cost of jobs completed in February

The correct response is "$340,000".

Explanation:

The given values are:

Direct issued materials,

= $100,000

Direct labor costs,

= $117,000

Applied manufacturing overhead,

= $123,000

Indirect issued materials,

= $18,000

Now,

In February, the cost of completed jobs will be:

=

On substituting the given values, we get

=

= ($)

explanation:

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b. a single paragraph.

a paragraph is a series of sentences that are organized and make sense, and are all related to a single topic . almost every piece of writing you do that is longer than a few sentences should be organized into paragraphs. this is because paragraphs show a reader where the subdivisions of an essay begin and end, and thus the reader see the organization of the essay into subjects in order to be able to understand its main points.