Riverwood Accounting Company has the following account in its cost records: Direct labor Work in Process-Jones...

 

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Riverwood Accounting Company has the following account in its cost records: Direct labor Work in Process-Jones Audit 120,000 Services completed 253,518 Project overhead 162,000 Riverwood applies overhead to projects at a predetermined rate based on direct labor costs. Assume that Riverwood uses a job order costing system and that Jones Audit is the only job in process at the end of the period. Complete the following cost sheet for services still in process for Jones Audit. Job Order Cost Sheet Jones Audit (Services in Process) Direct labor Project overhead $ Total cost $ Riverwood Accounting Company has the following account in its cost records: Direct labor Work in Process-Jones Audit 120,000 Services completed 253,518 Project overhead 162,000 Riverwood applies overhead to projects at a predetermined rate based on direct labor costs. Assume that Riverwood uses a job order costing system and that Jones Audit is the only job in process at the end of the period. Complete the following cost sheet for services still in process for Jones Audit. Job Order Cost Sheet Jones Audit (Services in Process) Direct labor Project overhead $ Total cost $

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To complete the cost sheet for the services still in process for Jones Audit we need to calculate th... View the full answer