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Pepper Products uses a job costing system. The company applies manufacturing overhead using a predetermined rate
based on direct materials. The following debits (credits) appeared in Work-in-Process for April.
April 1 Balance ??? For the month Direct materials $42,000 For the month Direct labor 44,000 For the month Manufacturing overhead 147,000 For the month To finished goods (226,000)
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Job 1947, the only job still in production at the end of April has been charged $5,700 in direct materials cost and $6,200 in direct labor cost.
What was the beginning balance in Work-in-Process?
I got an answer of $25,614 but when I “check my answer” it say incorrect. Help!