On january 1, hessler company’s work in process account had a balance of $18,000. during the year, direct materials costing $35,000 were placed into production. direct labor cost for the year was $60,000. the predetermined overhead rate for the year was set at 150% of direct labor cost. actual overhead costs for the year totaled $92,000. jobs costing $190,000 to manufacture according to their job cost sheets were completed during the year. on december 31, the balance in the work in process inventory account was:

Solomon chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 320,000 pounds of raw materials, the company generates 70,000 pounds of b7, 150,000 pounds of k6, and 100,000 pounds of x9. a standard batch costs $3,840,000 to produce. the sales prices per pound are $10, $14, and $20 for b7, k6, and x9, respectively. (a) allocate the joint product cost among the three final products using weight as the allocation base. (b) allocate the joint product cost among the three final products using market value as the allocation base. (c) allocate the joint product cost among the three final products using weight as the allocation base.