Required information
[The following information applies to the questions displayed below.]
At the end of June, the job cost sheets at Ace Roofers show the following costs accumulated on three jobs.
At June 30
Direct materials
Direct labor
Overhead applied
Job 5
$ 17,400
Job 6
$ 34,200
Job 7
$ 28,200
10,400
16,600
23,400
5,200
8,300
11,700
Additional Information
a. Job 5 was started in May, and the following costs were assigned to it in May: direct materials, $7,200; direct labor,
$3,000; and applied overhead, $2,100. Job 5 was finished in June.
b. Job 6 and Job 7 were started in June; Job 6 was finished in June, and Job 7 is to be completed in July.
c. Overhead cost is applied with a predetermined rate based on direct labor cost. The predetermined overhead rate
did not change across these months.
4. What is the total cost transferred to Finished Goods Inventory in June?
Total transferred cost