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The amount of direct materials cost charged to completed

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Question

Capri Boat Corporation uses a job order cost system and applies overhead based on a percentage of direct labor cost. Cost flows through the Work in Process Inventory account during March are given below:

Work in Process

Beginning Balance 0

Transferred Out 157,000

Direct Materials 40,000

Direct Labor 79,000

Overhead 118,500

Ending Balance 80,500

Only Job #007 was still in process at the end of March and this job had been charged with $25,000 in direct materials cost. The amount of direct materials cost charged to completed jobs during March was:

Reference no: EM132327111

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