Question: Read, Read, Study & Practice nment Grade book ORION Assignment open Assignment Question 4 A job order cost sheet for Ryan Company is shown below.

 Read, Read, Study & Practice nment Grade book ORION Assignment open

Assignment Question 4 A job order cost sheet for Ryan Company is

Read, Read, Study & Practice nment Grade book ORION Assignment open Assignment Question 4 A job order cost sheet for Ryan Company is shown below. Job No. 92 For 2,000 Units Date Direct Direct Manufacturing Labor Beg. bal. Jan. 1. 5,100 7,120 4,984 8 7,120 12 8,000 6,000 25 2,800 4,800 3,600 15,020 19,920 14,584 Cost of completed job: Direct materials $15,020 Direct labor 19,920 Manufacturing overhead 14,584 Total cost $49,524 Unit cost ($49,524 2,000) $24.76 (a) on the basis of the foregoing data, answer the following questions. (1) what was the balance in work in Process inventory on January 1 if his was the only unfinished job? Balance in Work in Process Inventory on January 1 License Agreement Privan Rml

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