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azduce
azduce
23.10.2019 • 
Business

12. fun corp makes playgrounds for schools and day care centers. at the end of may, the total ending balance of work in process inventory account was $14,670 comprising of three unfinished jobs, job# 56 with $4,200 in materials and 15 hours worked; job # 58 with $6,470 in materials and 18 hours worked; and last it had job #61 with $1,540 in materials and 8 hours worked. the total of cost of goods sold for the month was $15,330. the company had no inventory left in the finished goods account. fun pays its workers $20 an hour and overhead is 200% of total labor cost paid. manufacturing overhead for may was overallocated by $1,200. what is the adjusted ending balance for job #58 if the overallocated amount is disposed of by prorating using ending balances?

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