The following account appears in the ledger after only part of the postings have been completed for
Question:
Work in Process
Balance, October 1 ...... $ 42,600
Direct materials ....... 360,000
Direct labor ......... 400,400
Factory overhead . ...... 107,000
Jobs finished during October are summarized as follows:
Job 1004 ...... $180,000
Job 1037 ...... $140,000
Job 1030 ...... 225,000
Job 1041 ...... 280,000
a. Determine the cost of jobs completed.
b. Determine the cost of the unfinished jobs at October 31.
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a Cost of jobs completed and transferred to Finished Goods 825000 180000 225...View the full answer
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