A job order cost sheet for Cullumber Company is shown below. Job No. 92 Beg. bal....
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A job order cost sheet for Cullumber Company is shown below. Job No. 92 Beg. bal. Jan. 1 8 12 25 Date 27 Direct Materials Cost of completed job: Direct materials Direct labor Total cost 5,300 6,000 2,500 13,800 Manufacturing overhead Unit cost ($43,800 + 2,000) Direct Labor 6,000 7,000 4,000 17,000 $13,800 17,000 13,000 $43,800 $21.90 For 2,000 Units Manufacturing Overhead 4,200 Balance in Work in Process Inventory on January 1 5,600 3,200 13,000 (a) On the basis of this data, answer the following questions. (1) What was the balance in Work in Process Inventory on January 1 if this was the only unfinished job? $ A job order cost sheet for Cullumber Company is shown below. Job No. 92 Beg. bal. Jan. 1 8 12 25 Date 27 Direct Materials Cost of completed job: Direct materials Direct labor Total cost 5,300 6,000 2,500 13,800 Manufacturing overhead Unit cost ($43,800 + 2,000) Direct Labor 6,000 7,000 4,000 17,000 $13,800 17,000 13,000 $43,800 $21.90 For 2,000 Units Manufacturing Overhead 4,200 Balance in Work in Process Inventory on January 1 5,600 3,200 13,000 (a) On the basis of this data, answer the following questions. (1) What was the balance in Work in Process Inventory on January 1 if this was the only unfinished job? $
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Accounting Tools for business decision making
ISBN: 978-0470095461
4th Edition
Authors: kimmel, weygandt, kieso
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