Swifty Corporation completed Job No. B14 during 2019. The job cost sheet listed the following: Direct materials $160000
Direct labor $150000
Manufacturing overhead applied $130000
Units produced 4000 units
Units sold 2800 units

Required:
How much is the cost of the finished goods on hand from this job?

a. $308000
b. $132000
c. $326000
d. $440000

b. $132,000

Explanation:

Given the following information,

Direct materials $160,000

Direct labor $150,000

Manufacturing overhead applied $130,000

Units produced 4,000 units

Units sold 2,800 units

We need to calculate the total cost first.

Total cost = $160,000 + $150,000 + $130,000

Total cost = $440,000

We will also calculate the unitary cost

Unitary cost = $440,000 / 4,000

Unitary cost = $110.

Therefore, the final ending inventory would be;

Ending inventory = *1,200 × $110

Ending inventory = $132,000

• Note : 1,200 is derived by [ 4,000 units - 2,800 units]

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