Problem
l Winfrey Co.'s March 31 inventory of raw materials is $170,000. Raw materials purchases in April are $420,000, and factory payroll cost in April is $204,000. Overhead costs incurred in April are: indirect materials, $23,000; indirect labor, $15,000; factory rent, $20,000; factory utilities, $13,000; and factory equipment depreciation, $17,250. The predetermined overhead rate is 45% of direct labor cost. Job 306 is sold for $320,000 cash in April. Costs of the three jobs worked on in April follow
Determined the total of each production cost incurred in April (direct labor, direct materials, and applied materials, and applied overhead) and the total cost assigned to each job including the balances from March 31.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.