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Wiley Publishing utilizes job-order costing for textbook production. It allocates overhead at a rate of 120%...

Wiley Publishing utilizes job-order costing for textbook production. It allocates overhead at a rate of 120% of direct labor costs. The following is data regarding three jobs:

WIP balance Costs added in February

At Feb 1 Direct Labor Direct Materials

Job #28 $400 $500 $200

Job #29 $500 $300 $300

Job #30 $300 $100 $250


Jobs #28 and #29 were completed and sold in February. How much is the balance in the WIP account at the end of February?


Select one:
a. $770
b. $350
c. $650
d. $470
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