Amari's Alterations uses a job order costing system. At the beginning of January, there is only one
Fantastic news! We've Found the answer you've been seeking!
Question:
Amari's Alterations uses a job order costing system. At the beginning of January, there is only one job in Work in Process, Job 1, with costs to date of $30. During January, costs of $12 are added to Job 1, and the job is completed. Job 2 is started in February, and $50 of cost is recorded on the job cost sheet. Job 2 is also completed and sold in February. Job 3 is started but not completed in February, and $52 is added to that job cost sheet. What is the balance in the Finished Goods Inventory account at the end of February?
$92
$144
$50
$42
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: