Assume a company worked on four jobs during June: Jobs W , X , Y , and
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Question:
Assume a company worked on four jobs during June: Jobs W X Y and Z At the end of June, the job cost sheets for these four jobs contained the following data:
Job W Job X Job Y Job Z
Beginning balance $ $ $ $
Charged to the jobs during June:
Direct materials $ $ $ $
Direct labor $ $ $ $
Manufacturing overhead applied $ $ $ $
Units completed
Units sold during June
Jobs W and X were completed during June. Jobs Y and Z were incomplete at the end of June. There was no finished goods inventory on June and the companys total manufacturing overhead always applied equals its total actual manufacturing overhead.
The work in process inventory balance at the end of June is closest to:
Related Book For
Managerial Accounting for Managers
ISBN: 978-0073527130
2nd edition
Authors: Eric Noreen, Peter Brewer, Ray Garrison
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