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The Donaldson Company uses a job-order cost system. The following data were recorded for July. Overhead is applied to jobs at the rate of 80% of direct labor cost. Jobs 475, 477, and 478 were completed during July and transferred to finished goods. No other jobs were started during July. Jobs 475 and 478 have been delivered to the customer. Donaldson’s Work in Process inventory balance on July 31 was: a. $3, 160. b. $2, 600. c. $7, 280. d. $3, 320. e. None of the above.Show transcribed image text The Donaldson Company uses a job-order cost system. The following data were recorded for July. Overhead is applied to jobs at the rate of 80% of direct labor cost. Jobs 475, 477, and 478 were completed during July and transferred to finished goods. No other jobs were started during July. Jobs 475 and 478 have been delivered to the customer. Donaldson’s Work in Process inventory balance on July 31 was: a. $3, 160. b. $2, 600. c. $7, 280. d. $3, 320. e. None of the above.
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