Question - Under Pick Co's job order costing system manufacturing overhead is applied to work in process using a predetermined annual overhead rate. During January, Pick'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
Pick had neither beginning nor ending inventory in Work-in-Process Inventory. What was the cost of jobs completed in January?
A. $302,000
B. $310,000
C. $322,000
D. $330,000