On November 30, 2012, there was a fire in the factory of Able Manufacturing Limited, where you

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On November 30, 2012, there was a fire in the factory of Able Manufacturing Limited, where you work as the controller. The work in process inventory was completely destroyed, but both the materials and finished goods inventory were undamaged. Able uses normal job-order costing and its fiscal year end is December 31. Selected information for the periods ended October 31, 2012, and November 30, 2012, follows:

On November 30, 2012, there was a fire in the

Instructions
Calculate the normal cost of the work in process inventory lost during the fire.

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Managerial Accounting Tools for Business Decision Making

ISBN: 978-1118033890

3rd Canadian edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly

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