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i need it by today and am willing to pay $25 for the task
Biloxi Corporation’s fiscal year is January 1 to December 31. On September 25, 2010, a hurricane destroyed the Direct Materials Inventory and the Work-in-Process Inventory of Biloxi Corporation (the Finished Goods Warehouse was spared). Although all of Biloxi’s on-site accounting records were destroyed, the following information is available from some backup off-site records:
• A total of 25,700 direct labor hours were recorded from January 1 through September 25. The company’s wage rate for production employees is $13 per hour.
• Biloxi Corp. allocates manufacturing overhead at the rate of 80% of direct labor cost.
• At the time of the hurricane, the company was still in the process of manufacturing two custom jobs – Job B325 and Job Q428. As of September 25, $21,980 of direct material and 130 hours of direct labor had been recorded for Job B325. Also, at that time, $14,700 of direct material and 240 hour...
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