Question:
Kapanga Manufacturing Company uses a job-order costing system and started the month of October with a zero balance in its work in process and finished goods inventory accounts. During October, Kapanga worked on three jobs and incurred the following direct costs on those jobs:
|
|
Job B18
|
Job B19
|
Job C11
|
|
Direct materials
|
$12,000
|
$25,000
|
$18,000
|
|
Direct labor
|
$8,000
|
$10,000
|
$5,000
|
Kapanga applies manufacturing overhead at a rate of 150% of direct labor cost. During October, Kapanga completed Jobs B18 and B19 and sold Job B19. What is Kapanga"s work in process inventory balance at the end of October?
A) $23,000
B) $30,500
C) $32,000
D) $43,000