MV crafts manufacture to customer order using the job order cost system. For the month just ended,
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Question:
- MV crafts manufacture to customer order using the job order cost system. For the month just ended, it registered the following data:
Beginning work in process (5 partially completed jobs)P300,000
Orders completed (18)2,400,000
Orders shipped (14)2,000,000
Materials requisitioned for the month1,700,000
Direct labor cost800,000
Factory overhead rate150% of direct labor cost
The ending work in process inventory was
a. 1,400,000b. 500,000c. 1,600,000d. 700,000
Related Book For
Principles of Accounting
ISBN: 978-1133626985
12th edition
Authors: Belverd E. Needles, Marian Powers and Susan V. Crosson
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