What is the cost of the finished goods inventory


Question: KLM Company completed Job No. 375 in April 2014. The job cost sheet listed the following: Direct materials $85,500 Direct labor $60,000 Manufacturing overhead applied 120% of Direct labor cost Units produced 3,000 units Units sold 1,000 units What is the cost of the finished goods inventory on hand from this job? KLM Company completed Job No. 375 in April 2014. The job cost sheet listed the following: Direct materials $85,500 Direct labor $60,000 Manufacturing overhead applied 120% of Direct labor cost Units produced 3,000 units Units sold 1,000 units What is the cost of the finished goods inventory on hand from this job? None $145,000 $65,167 $217,500 $72,500

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Accounting Basics: What is the cost of the finished goods inventory
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