Question

A firm uses job costing. Details of the three jobs worked on during a period are: Job BA Job DC Job FE $ $ $ Opening work-in-progress 22,760 3,190 Direct materials in the period 4,620 11,660 14,335 Direct labour in the period 12,125 10,520 7,695 Overheads are absorbed at 40% of prime cost in each period. Jobs DC and FE remaine incomplete at the end of the period. What is the value of the closing work-in-progress? A $61,894 B $65,084 c $66,360 D $68,952​

Answer 1

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