Barnacle Industries incurred and applied the following manufacturing costs: Direct material Direct labor Manufacturing overhead $39,000...
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Barnacle Industries incurred and applied the following manufacturing costs: Direct material Direct labor Manufacturing overhead $39,000 26,000 52,000 During 20x2, Barnacle finished products costing $78,000. Products costing $32,500 were sold for $41,600. What is the balance of Work-in-Process on Barnacle's balance sheet as of December 31, 20x2? Barnacle Industries incurred and applied the following manufacturing costs: Direct material Direct labor Manufacturing overhead $39,000 26,000 52,000 During 20x2, Barnacle finished products costing $78,000. Products costing $32,500 were sold for $41,600. What is the balance of Work-in-Process on Barnacle's balance sheet as of December 31, 20x2?
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To calculate the balance of WorkinProcess WIP on Barnacles balance sheet we need to first calculate the total manufacturing costs incurred during 20x2 ... View the full answer
Related Book For
Accounting What the Numbers Mean
ISBN: 978-1259535314
11th edition
Authors: David Marshall, Wayne McManus, Daniel Viele
Posted Date:
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