Based on the information provided, Calculate the cost of the unfinished jobs on July 31. The Bellingham

Based on the information provided, Calculate the cost of the unfinished jobs on July 31.

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The Bellingham Company is a manufacturing company. The following account appears in the ledger after only part of the postings have been completed for July, the first month of the current fiscal year: Work in Process Balance, July 1 $190,500 Direct materials 257,000 Direct labor 4 230,000 Factory overhead is applied to jobs at the rate of 80% of direct labor cost. The actual factory overhead incurred for July was $197,000. Jobs completed during the month totaled $225,150. The Bellingham Company is a manufacturing company. The following account appears in the ledger after only part of the postings have been completed for July, the first month of the current fiscal year: Work in Process Balance, July 1 $190,500 Direct materials 257,000 Direct labor 4 230,000 Factory overhead is applied to jobs at the rate of 80% of direct labor cost. The actual factory overhead incurred for July was $197,000. Jobs completed during the month totaled $225,150.

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Here are the missing postings to complete the Work in Process account for July ... View the full answer