Answer: $14,950
Step-by-step explanation:
Given: Cost of Direct Materials = $3,200
Cost of direct labor = $4,700
Overhead rate = 150%
So, Overhead cost = 150% x (Total direct labor cost)
= $(150% x 4,700) =$ ( 1.5 x 4,700) [150% = 1.5]
= $7,050
Work in Progress = Direct Materials + Direct labor + Overhead
= $(3,200+4,700+7,050)
=$14,950
Hence, the balance in the Work in Process account at the end of September relative to Job A3B = $14,950