Job-order costing system-what was the cost of jobs completed

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Reference no: EM131219802

Under Kasey Co.’s job-order costing system, manufacturing overhead is applied to work-in-process using a predetermined annual overhead rate. During January, Kasey’s transactions included the following:

Direct Materials issued to production $90,000

Indirect materials issued to production 8,000

Manufacturing overhead incurred 125,000

Manufacturing overhead applied 113,000

Direct labor costs 107,000

Kasey had neither beginning nor ending work-in process inventory. What was the cost of jobs completed in January?

Reference no: EM131219802

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