Redwoods Company designs and builds exotic furniture for individual customers. On March 1, there were two jobs in process: Job 400 with a beginning balance of $23,000 and Job 402 with a beginning balance of $6,000. Overhead costs are applied by using a rate of 50% of direct labor costs. Both jobs are unfinished on March 31. Data on March costs for both the jobs are as follows:
Job 400 Job 402
Direct materials $6,000 $ 10,000
Direct labor cost 4,000 13,000
1. What is the total of the work-in-process account on March 31?
a. $45,000
b. $58,490
c. $70,500
d. $38,00
e. None of these
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