Under Eagle Co.'s job order costing system, manufacturing overhead is applied to Work-in-Process using a predetermined annual overhead rate. During February, Eagle's transactions included the following:
Direct materials issued to production
$
96,000
Indirect materials issued to production
14,000
Manufacturing overhead incurred
131,000
Manufacturing overhead applied
119,000
Direct labor costs
113,000
Eagle had neither beginning nor ending inventory in Work-in-Process Inventory. What was the cost of jobs completed in February? (CPA adapted)
A. 340,000
B. 328,000
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