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Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $217,200 of...

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Accounting

Minstrel Manufacturing uses a job order costing system. During one month, Minstrel purchased $217,200 of raw materials on credit; issued materials to production of $211,000 of which $34,800 were indirect. Minstrel incurred a factory payroll of $159,600, of which $44,800 was indirect labor. Minstrel uses a predetermined overhead application rate of 150% of direct labor cost. Minstrel's beginning and ending Work in Process Inventory are $17,100 and $30,200 respectively. Compute the cost of product transferred to Finished Goods Inventory:

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