Direct materials,$ 1 , 0 0 0 , $ 2 , 0 0 0 , $ 7
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Question:
Direct materials,$$$
Jamison Company uses joborder costing and provided the following information on jobs worked on in the month of September:
Total Cost,Complete?,Sold?Job $Yes,NoJob NoNoJob NoNoJob Yes,NoJob Yes,YesJob NoNoJob Yes,NoJob Yes,Yes
The beginning balance of Finished Goods was $ for Job which was not sold by the end of the month.
Required:
Calculate the ending balance of Work in Process. $
Calculate the ending balance of Finished Goods. $
Calculate the ending balance of Cost of Goods Sold. $
Suppose that Job had been sold. How would that affect the ending inventory balances and cost of
Related Book For
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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