Question: QUESTION 27 The balance in the Work in Process Inventory at any point in time is equal to: The costs for jobs finished during the

QUESTION 27 The balance in the Work in Process Inventory at any point in time is equal to: The costs for jobs finished during the period but not yet sold. A. The cost of jobs ordered but not yet started into production. . C. The sum of the costs for all jobs in process but not yet completed. D. The costs of all jobs started during the period, completed or not. E. The sum of the materials, labor and overhead costs paid during the period QUESTION 29 The Work in Process Inventory account for DG Manufacturing follows. Compute the cost of jobs completed and transferred to Finished Goods Inventory. Work in Process Inventory Beginning WIP 4,500 Direct materials 47,100 Direct labor 29,600 Applied overhead 15,800 Total Mfg. costs 97,000 To finished goods Ending WIP 8,900 The cost of jobs transferred to finished goods is: OA $97,000. B. $105,900. C. $88,100. D. $95,200. $92,500 E

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