Homework Answers
Total cost of completed Job= Direct materials+Direct labor+Manufacturing overhead applied
= $120000+180000+110000= $410000
Total cost of goods sold= (Total cost of completed Job/Number of units produced)*Number of units sold
= ($410000/8000)*6000= $307500
Cost of finished goods on hand= Total cost of completed Job-Total cost of goods sold
= $410000-307500
= $102500
So, the answer is option B) $102500
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