Question

Snappy Company uses job-order costing and applies overhead costs
to jobs using a pre-determined overhead rate of $12 per direct
labor hour.

During 2020, Snappy Company worked on the following jobs

                               Job #16     Job #28     Job #35
beginning cost .............    $3,500      $1,600      $2,000
direct materials used ......    $2,800      $3,700      $2,600
direct labor cost ..........    $2,000      $5,300      $3,600
direct labor hours .........    200 hours   300 hours   280 hours

By the end of 2020, Job #16 and Job #28 had been completed. Job #35
has not been completed. In addition, all the units from Job #16 have
been sold while 4,700 of the units from Job #28 were sold. Assume
Job #28 consisted of a total of 10,000 units.

Calculate Snappy Company's finished goods inventory balance at
December 31, 2020.

Answer 1

Snappy Company balance of inventories are given and also their working notes

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