Kapanga Manufacturing Company uses a job-order costing system and started the month of October with a zero balance in its work in process and finished goods inventory accounts. During October, Kapanga worked on three jobs and incurred the following direct costs on those jobs:
|
|
Job B18 |
Job B19 |
Job C11 |
|
Direct materials |
$12,000 |
$25,000 |
$18,000 |
|
Direct labor |
$8,000 |
$10,000 |
$5,000 |
Kapanga applies manufacturing overhead at a rate of 150% of direct labor cost. During October, Kapanga completed Jobs B18 and B19 and sold Job B19. What is Kapanga”s work in process inventory balance at the end of October?
A) $23,000
B) $30,500
C) $32,000
D) $43,000